BitMine Acquires Over 3 Million Ethereum Tokens: A New Era for Crypto?

BitMine has made a significant move in the crypto market, acquiring over 3 million ETH tokens, representing over 2.5% of the circulating supply. This latest purchase comes after they recently acquired 202,000 ETH during a downturn, positioning them as the world’s largest corporate holder of Ethereum. BitMine aims to launch an Ethereum validator network in 2026, and their ambitious plan is to eventually hold 5% of the total ETH supply. This strategic move has sparked intrigue within the crypto community.