BitMine Quadruples Ethereum Holdings to $13 Billion, Becomes Largest Public ETH Holder

BitMine has made a major move in the cryptocurrency market, increasing its Ethereum holdings to a staggering $13 billion. This latest acquisition brings their total ETH holdings to 2.83 million tokens, cementing their position as the world’s largest public Ethereum holder. BitMine acquired these assets over the past week, strategically timing their purchase at an average price of $4,535 to capitalize on market strength. The company’s shares rose by over 5% following this announcement, reflecting investor enthusiasm for the acquisition’s impact.