Bitmine Acquires Major Ethereum Stake, Pushing Holdings Past $6 Billion

Crypto investment giant Bitmine has made a significant move in the Ethereum market by purchasing 52,475 ETH worth approximately $220 million. This latest addition brings Bitmine’s total Ethereum holdings to over 1.57 million ETH, now valued at around $6.6 billion. The acquisition underscores Bitmine’s bullish stance on the Ethereum ecosystem and its potential for future growth in DeFi, NFTs, and smart contracts.