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Bitmine Purchases 25,000 ETH Worth $41M on Wednesday, 125,000 ETH in Last Three Days

GateNews
On-Chain Data
ETH-0.50%

According to Lookonchain, Bitmine purchased 25,000 ETH worth approximately $41 million on Wednesday, continuing its strategy to expand its institutional Ethereum treasury. The company accumulated a total of 125,000 ETH valued at approximately $205 million over the last three days.

Bitmine's total Ethereum reserve has now reached 5,543,872 ETH, representing 4.59% of the approximately 120.7 million ETH in circulation. The company is now approximately 92% of the way toward its stated goal of owning 5% of the total Ethereum supply.

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