Bitmine Acquires $201 Million Worth of Ethereum, Bolsters Long-Term Holdings

Crypto mining company Bitmine has expanded its Ethereum holdings by acquiring approximately $201 million worth of the cryptocurrency. This latest purchase adds 46,255 ETH to Bitmine’s existing portfolio, bringing their total ETH holdings to over 2.12 million coins valued at roughly $9.2 billion. Bitmine is actively expanding its Ethereum investment strategy, reflecting the company’s long-term confidence in the currency’s potential within the decentralized finance sector.