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BitMine Boosts Ethereum Reserves to $5.77 Billion

Published by
Qadir AK

BitMine, an Ethereum-focused treasury company, has added 135,135 ETH worth $600 million to its holdings. The purchase was made through three major institutional service platforms, FalconX Global, Galaxy, and BitGo. With this latest accumulation, BitMine’s total Ethereum reserves now stand at 1.297 million ETH, valued at $5.77 billion. This move highlights BitMine’s continued confidence in Ethereum as a core asset and strengthens its position as one of the largest institutional ETH holders.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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