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Crypto

BitMine Boosts Ethereum Holdings Amid Price Surge

Guavy AI Editorial Team Published July 27, 2026

Instruments

ETH

BitMine has taken an aggressive step to boost its Ethereum holdings by acquiring nearly 10,000 ETH in recent days.

The move brings BitMine's total holdings to 5.79 million ETH, representing about 4.8% of the circulating supply.

With 85% of its holdings staked, BitMine is leveraging Ethereum's proof-of-stake model to generate consistent returns.

This strategic acquisition comes as Ethereum's price sees a notable upswing, currently trading near $1,968.

The Wire

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