BitMine Doubles Down on Ethereum Holdings, Aims for 5% Supply Share

Crypto firm BitMine has recently made significant purchases of Ethereum (ETH), increasing its holdings by $70 million and further solidifying its position in the digital asset market. Despite a recent dip in ETH’s price, BitMine remains dedicated to achieving its goal of owning 5% of the total supply of Ethereum. This acquisition strategy reflects a broader trend observed across the cryptocurrency market where large investors are strategically accumulating assets during periods of volatility.