BitMine Adds $46 Million in Ethereum Purchases Amid Price Decline

BitMine has made significant Ethereum purchases over the past week, adding 17,362 ETH to its reserves. The value of this purchase is approximately $46.82 million, which brings BitMine's total Ethereum holdings above $6 million.

Ethereum's price has been decreasing, falling below $2,700, but BitMine continued its acquisition efforts without interruption. As a result, the company's Ethereum reserves now account for around 4.9% of the circulating supply.