Bitmine Acquires an Additional 32,938 ETH, Worth Approximately $97.6 Million

BlockBeats News, December 31st, according to lookonchain monitoring, Bitmine purchased 32,938 ETH in the past 4 hours, worth approximately $97.6 million.

At the same time, an additional 118,944 ETH was staked (approximately $352 million).

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