The firm now holds 4.59% of Ethereum’s circulating supply, with total crypto and cash assets at $9.6 billion.
Bitmine increased its Ethereum holdings by 126,971 ETH in the past week, raising its total to 5.54 million ETH. The acquisition represents 4.59% of Ethereum’s circulating supply, reinforcing its position as a major holder.
The company’s total assets now stand at $9.6 billion, including 4.72 million staked ETH and $247 million in cash. The move follows a broader trend of institutional accumulation in digital assets amid market volatility.
No immediate market reaction was disclosed in the release.