BitMine Immersion has made a notable move in the Ethereum market by acquiring 110,288 ETH tokens, adding to their already substantial holdings. This latest acquisition brings their total ETH holdings to 3.5 million, representing a significant 2.9% of the overall Ethereum supply. This purchase highlights BitMine’s growing influence within the decentralized ecosystem and underscores the company’s strategic investment approach. The funding for this acquisition was secured through backing from prominent institutions like ARK Invest and Founders Fund. The impact of this move on Ethereum liquidity is noteworthy, particularly as it comes during a period of market dip, potentially influencing its future price dynamics. 3.5 million ETH positions BitMine as the largest corporate Ethereum treasury. This strategic investment has sparked discussions about centralized holdings within a decentralized ecosystem.