BitMine Adds 82K ETH, Treasury Now Tops $12B
BitMine adds 82,353 ETH in a week, bringing its total holdings to over $12B, signaling strong bullish sentiment.
- BitMine now holds 3.39 million ETH worth over $12B
- Added 82,353 ETH in just one week
- Move signals major bullish momentum in Ethereum
BitMine, a major institutional player in the crypto space, has just made a bold move. In the past week alone, the company added 82,353 Ethereum (ETH) to its treasury. This massive purchase has pushed its total ETH holdings to an eye-popping 3,395,422 ETH, currently valued at over $12 billion.
The aggressive accumulation by BitMine is a strong signal of bullish confidence in Ethereum’s future. At a time when market participants are closely watching institutional behavior, BitMine’s strategy could set the tone for other large players considering long-term ETH positions.
Why This Matters for Ethereum
BitMine’s growing ETH treasury isn’t just about numbers—it reflects a deeper conviction in Ethereum as a long-term store of value and a foundational layer of Web3. By increasing its stake, BitMine joins the ranks of institutions treating ETH not just as an asset but as a strategic reserve.
The timing also aligns with Ethereum’s upcoming upgrades and the growing demand for decentralized applications. With more institutions locking up ETH, the available supply for trading decreases, potentially increasing price pressure upwards.
Institutional Confidence Continues to Rise
Large-scale purchases like this are becoming more common as Ethereum cements its role in the digital economy. Whether it’s staking, DeFi, or NFTs, ETH powers a growing share of blockchain innovation. BitMine’s latest move is a loud endorsement of Ethereum’s staying power—and a possible preview of more institutional adoption to come.
