BitMine Acquires $64.59 Million in ETH, Boosting Ethereum Holdings

BitMine, a prominent player in the cryptocurrency market, has made a significant move by acquiring 18,271 ETH worth approximately $64.59 million from Kraken exchange on November 10, 2025. This strategic acquisition adds to their already substantial Ethereum holdings, positioning them as one of the largest corporate holders of the cryptocurrency. The transaction is further evidence of BitMine’s commitment to accumulating a significant portion of Ethereum’s circulating supply, potentially influencing market dynamics and liquidity levels.