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Guavy AI Editorial Team••Sentiment: 3•Clout: 82

BitMine Boosts Ethereum Holdings as Crypto Winter Nears End

ETH

BitMine Immersion Technologies (BMNR), a treasury firm for Ethereum, has significantly increased its holdings of the top altcoin. According to recent data, the company acquired 101,627 ETH last week, marking its largest weekly purchase since mid-December.

This acquisition brings BitMine's total Ethereum stash to 4.97 million ETH, worth around $11.44 billion at the time of publication. The company stated that it is 82% closer to its goal of acquiring 5% of the top altcoin.