BitMine Acquires $59 Million in Ethereum Through OTC Broker FalconX

A significant institutional move has occurred in the cryptocurrency market as BitMine, a wallet linked to an active player in the crypto space, acquired 21,537 ETH, valued at approximately $59.17 million, through an OTC transaction facilitated by FalconX. This acquisition highlights growing interest from major players in Ethereum and could signal continued confidence in its long-term value.