BitMine Doubles Down on Ethereum, Acquiring $103M in New Purchases

Blockchain data reveals that BitMine has been on an aggressive buying spree this month, adding over $190 million worth of Ether within a week alone. This latest transaction, valued at approximately $103.7 million, brings the company’s total Ethereum holdings to a staggering 2.83 million ETH. While critics view their strategy as outdated, BitMine is confident in its long-term vision for the network.