Crypto

Bitmine Drops $1.26 Billion on Massive Ethereum Purchase

Guavy AI Editorial Team Published September 2, 2026

Instruments

ETH

According to recent data from CryptoRank, Bitmine has made a significant purchase of 51,000 ETH, worth approximately $1.26 billion.

This transaction is one of the largest purchases of Ethereum in recent history, with some analysts speculating about its implications for the market.

The exact reasons behind this move are unclear, but it may be an attempt by Bitmine to increase its influence or control within the Ethereum ecosystem.

The Wire

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