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BitMine Expands Ethereum Holdings to 5.62 Million ETH

Published by
Nidhi Kolhapur

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.

Nidhi Kolhapur

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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