by: xpoolPosted on:

BitMine Raises $20 Billion for Ethereum Expansion: Impacting Liquidity and Institutional Investment

BitMine has raised an unprecedented $20 billion to significantly expand its holdings of Ethereum (ETH). This massive investment has positioned them as the new frontrunner in ETH treasury ownership, establishing the largest ETH pool globally. With this substantial capital injection, BitMine’s strategy aims to acquire up to 5% of Ethereum’s total supply. This ambitious plan could reshape Ethereum’s market dynamics by tightening liquidity and influencing price action.

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