BitMine Accumulates Over $3 Billion in Ethereum in Record Time

BitMine Immersion, a company backed by prominent investor Peter Thiel, has made a significant move in the cryptocurrency market. In a span of just 35 days, the firm acquired 833,137 Ethereum at an average price of $3,491.86 per coin.

This massive purchase has propelled BitMine to become the largest corporate Ethereum treasury and ranked it as the third-largest public crypto treasury globally behind Strategy and Marathon Digital Holdings.