BitMine Doubles Down on Ethereum Despite Market Turmoil

In the face of ongoing volatility within the cryptocurrency market, institutional entity BitMine has defied market uncertainty by aggressively purchasing Ethereum. Recent records show that BitMine acquired a substantial 21,537 ETH, valued at approximately $59.17 million, through OTC transactions facilitated by FalconX. This large-scale investment underscores BitMine’s commitment to long-term Ethereum holdings despite current price fluctuations.