BitMine Becomes Crypto’s Second-Largest Treasury with $1.7 Billion ETH Acquisition

In a landmark move that reshapes the cryptocurrency landscape, BitMine Immersion Technologies has acquired a staggering $1.7 billion in Ethereum (ETH) within just one week. This acquisition positions BitMine as the second-largest corporate crypto treasury globally, exceeding Strategy’s holding of Bitcoin and significantly increasing its ETH holdings to over 1.5 million ETH. The company’s rapid accumulation strategy and ambitious vision for Ethereum’s future are shaping a new chapter in the cryptocurrency market.