BitMine Acquires Massive Ethereum Holdings – New Purchase Brings Total to Over $44 Million

Crypto technology company BitMine Immersion Technologies has made another significant move in the Ethereum market. In a recent transaction, they purchased approximately $44.34 million worth of ETH, bringing their total holdings to over $44 million. The purchase was reportedly made from BitGo via a specialized wallet identified by Arkham data analysis as ‘0xbd0…E75B8’. This latest investment follows BitMine’s previous announcement of purchasing a substantial $200 million in Ethereum, significantly increasing their already impressive 3,629,701 ETH in treasury. These holdings represent approximately 3% of the total Ethereum supply.