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by: xpoolPosted on: August 29, 2025

Bitmine Immersion Acquires $354.6M Worth of Ethereum

Crypto firm Bitmine Immersion has made a significant investment in Ethereum, purchasing 78,791 ETH for approximately $354.6 million. This acquisition brings their total holdings to nearly 1.8 million ETH and boosts the company’s value to over $8 billion. Bitmine is aiming to acquire a 5% stake in the Ethereum supply.

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