• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Bitmine Purchases 14,665 ETH Worth $65.3 Million

Bitmine Purchases 14,665 ETH Worth $65.3 Million

user avatar

by Giorgi Kostiuk

2 days ago

Bitmine has made a large purchase of Ethereum, increasing its holdings to a considerable 1.88 million ETH valued at around $8.4 billion.

Growth of Bitmine's Ethereum Holdings

In recent days, Bitmine added 14,665 ETH to its portfolio, worth approximately $65.3 million. This significantly increases the total ETH holdings of the company to 1.88 million.

Significance of Bitmine's Purchases for the Market

Bitmine's investments in Ethereum serve as an indicator of institutional confidence in ETH's prospects. This also highlights the growing interest in Ethereum as it transitions into a deflationary model, attracting major market players.

Bullish Signals in the Crypto Market

Bitmine's aggressive buying is strengthening bullish sentiment across crypto circles. With over $8.4 billion now in ETH, the company is betting on Ethereum becoming a key player in the next cryptocurrency cycle.

Bitmine's recent actions highlight the growing confidence in Ethereum as a foundational element of the decentralized internet and may influence overall market sentiment.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Astonishing XRP Transfer: 250 Million XRP Moves from Ripple to an Unknown Wallet

chest

Ripple executed a transfer of 250 million XRP to an unknown wallet. Discover the implications and potential reasons behind this fund movement.

user avatarGiorgi Kostiuk

Tether: $2 Billion USDT Minting on Ethereum for Liquidity Management

chest

Tether minted $2 billion of USDT on Ethereum, strengthening its market position. This action anticipates increased trading volumes with BTC and ETH.

user avatarGiorgi Kostiuk

First Dogecoin ETF Launches Next Week

chest

Next week marks the launch of the first Dogecoin ETF in the U.S., opening new investment opportunities for investors.

user avatarGiorgi Kostiuk

Massive 250 Million USDC Minting: What It Means for the Crypto Market?

chest

250 million USDC have been minted, which may affect liquidity and market dynamics in the cryptocurrency space.

user avatarGiorgi Kostiuk

Ethereum (ETH) & its Negative Exchange Flux Balance: What This Means for Price

chest

Ether's exchange flux balance has turned negative for the first time, potentially forecasting a price rise above $5000.

user avatarGiorgi Kostiuk

Why BullZilla, Ripple and Cat in a Dog's World Are Top Cryptos for Investment

chest

Analyzing three cryptocurrencies: BullZilla, Ripple, and Cat in a Dog’s World, exploring their potential and unique features.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.