BitMine Doubles Down on Ethereum with Massive $12 Billion Purchase

Crypto heavyweight BitMine has made a significant move, adding a staggering 82,353 ETH to its treasury in the past week, pushing its total holdings to over $12 billion. This aggressive acquisition signals a high degree of confidence in Ethereum’s long-term potential as a store of value and a foundational layer for Web3 applications. BitMine joins a growing list of institutions recognizing ETH’s strategic value, further strengthening the bullish sentiment surrounding the cryptocurrency.