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Bitmine Signs Its Biggest Week of ETH Purchases of the Year

Bitmine Signs Its Biggest Week of ETH Purchases of the Year


16h05 ▪
4
min read ▪ by
Evans S.

Summarize this article with:

Bitmine buys so much ETH in such a short time because the company no longer just seeks exposure to crypto. It aims to secure a dominant position in a still hesitant market. In one week, Bitmine added 71,179 ETH, about 147 million dollars, bringing its holdings to 4,732,082 ETH, equivalent to 3.92% of the total supply.

Businessman vacuuming up ETH crypto into a briefcase.Businessman vacuuming up ETH crypto into a briefcase.

In brief

  • Bitmine accelerates because it wants to dominate the public ETH reserve.
  • Its bet relies as much on…

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