Crypto
BitMine Boosts Ethereum Holdings by Nearly 10K Amid Bullish Outlook
BitMine has strengthened its position as one of the top corporate holders of Ethereum by acquiring nearly 10,000 ETH. This purchase brings its total holdings to approximately 5.79 million ETH, which accounts for about 4.8% of the circulating supply.
The company has staked 85% of its Ethereum holdings through the proof-of-stake system, allowing it to earn steady returns on its investment.
BitMine's confidence in Ethereum's growth potential is evident in this strategic move, despite current market fears. The asset's price remains relatively high at $1,968 per ETH.