BitMine significantly increased its Ethereum holdings, acquiring nearly 70,000 ETH and now controlling roughly 3% of the total supply. This move demonstrates strong confidence in Ethereum’s long-term potential, particularly within the blockchain infrastructure space. The acquisition was facilitated through various transactions involving BitGo, Galaxy Digital OTC, and FalconX, with a combined total reaching approximately 3,629,701 ETH. BitMine’s strategic acquisitions underscore their belief in blockchain technology’s robust future, even as Ethereum’s price experienced volatility. The company’s increased ETH holdings could reshape the DeFi landscape, potentially impacting liquidity and market dynamics.