BitMine Acquires Massive ETH Position, Valued at $7.65 Billion

Cryptocurrency giant BitMine has taken a significant step forward in its strategic shift towards Ethereum. The company recently acquired 1.72 million ETH, valued at approximately $7.65 billion, marking a notable increase in its Ethereum holdings over the past 40 days. This move underscores the growing institutional interest in Ethereum and positions BitMine as a major player in the emerging crypto treasury landscape.