BitMine has made a strategic move to acquire $113 million worth of Ethereum from BitGo. This substantial purchase solidifies the company’s position as a top Ethereum holder and marks its continued pursuit of dominance within the cryptocurrency sector. 27,316 Ethereum tokens were purchased by BitMine, led by Chairman Tom Lee, for a total value exceeding $113 million. The transaction further strengthens BitMine’s already impressive Ethereum reserves, which now exceed 3.3 million ETH. This purchase also had significant implications for the broader crypto market. The price of Ethereum held steady above $4,000 despite increased trading volume and investor interest.