Based on 36 Crypto, BitMine has significantly increased its Ethereum holdings, now controlling over 3% of the total supply. The firm acquired 96,798 ETH for approximately $273 million in the past week, raising its acquisition pace by 39%. Despite a 30% drop in ETH prices over the past month, BitMine remains bullish, planning to expand its holdings to 5% of the network. The company also announced plans to launch its staking product, the Made in America Validator Network (MAVAN), by early 2026.
BitMine's Ethereum Holdings Surge to $9.7B Despite Market Downturn
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