BitMine Acquires Massive Ethereum Holding, Reaches $9.3 Billion Valuation

BitMine Immersion Technologies made a notable move in the cryptocurrency market Wednesday, purchasing 46,255 ETH worth approximately $201 million. This purchase adds to their already substantial holdings, bringing their total Ethereum reserves to an impressive 2.126 million coins. The blockchain analytics platform Onchain Lens provides insights into this transaction through forensic analysis of transfers from a BitGo wallet to three different addresses.