BitMine once again invests $130 million to acquire an additional 28,650 ETH

BlockBeats News, August 16th, according to LookIntoChain monitoring, BitMine once again increased its holdings by 28,650 ETH (approximately $130 million) in the past hour, now holding 1.174 million ETH (approximately $5.26 billion).

Source

Correction/Report

RelatedRecommended

BitMine is about to hold 5% of ETH, Is It a Risk or a Boon?

Both Suffering Over $9 Billion in Losses, Which One Is More Dangerous: Strategy or Bitmine?

Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.

Stock Price Drops Over 80% - How Long Can Ethereum's Final Buyer, BitMine, Hold Out?

The ebb of the top three buyers, BitMine bears the brunt of ETH selling pressure alone. With a floating loss of 3 billion, it is the ultimate gamble about "buying the dip" and "catching the falling knife."

Pantera: After Mopping Up 1 Million ETH, How Should BitMine Be Valued?

Since the end of June, BMNR's stock price has risen by over 1300%; meanwhile, ETH is approaching a new all-time high.

Peter Thiel Quietly Backs BitMine, PayPal Mafia Godfather Bets on Ethereum

2025's Peter Thiel is no longer satisfied with being a passive hodler.

On-Chain Activity