BitMine Doubles Down on ETH Investment, Expanding Holdings to $8.8 Billion

Cryptocurrency firm BitMine has made a significant move in the Ethereum market, increasing its holdings by over $2.2 billion this past week. According to their official statement, they now hold approximately $8.8 billion in crypto and cash assets as of August 24th. This purchase brings their total ETH holdings to over 190,500 tokens, a substantial increase from the previous week’s figure of 1.52 million tokens.