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BitMine Expands Ethereum Holdings to 5.62 Million ETH
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
BitMine acquired 76,881 ETH over the past week, increasing its total holdings to 5.62 million ETH. The company now controls about 4.66% of Ethereum’s total supply, making it one of the largest corporate holders of the asset. BitMine said its combined crypto and cash holdings have reached $10.4 billion, including roughly $285 million in cash. Investors will watch whether the company continues accumulating ETH and how its growing stake affects the broader Ethereum market.
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