BitMine Doubles Down on Ethereum with $1 Billion+ Acquisition

BitMine has expanded its Ethereum holdings to 5.62 million ETH after acquiring an additional 76,881 ETH over the past week.

This represents a significant increase in the company's total supply of Ethereum, with BitMine now controlling about 4.66% of the asset.

The combined crypto and cash holdings of BitMine have reached $10.4 billion, including roughly $285 million in cash.