Based on TheCCPress, Bitmine, under the leadership of Chairman Tom Lee, has expanded its Ethereum holdings by acquiring 15,427 ETH valued at $68.98 million through Galaxy Digital's OTC desk. This acquisition solidifies Bitmine's status as the largest corporate Ethereum holder globally. The move is seen as a strategic positioning in the crypto market, reflecting Bitmine's commitment to blockchain technology amid increasing institutional interest and potential regulatory changes. Industry experts note that Bitmine's actions may influence market dynamics, with its treasury now exceeding 2,151,676 ETH, exposing the company to market volatility. Observers are closely watching the impact of regulatory developments, such as the GENIUS Act, on corporate cryptocurrency holdings.
Bitmine Expands Ethereum Holdings by $68.98M, Strengthens Market Position
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