Bitmine Acquires 100,000 ETH for $163 Million Overnight, Approaching 5% Portfolio Target

ETH-2.04%
According to ChainCatcher citing on-chain analyst Yǔ Jìn, Bitmine increased its ETH holdings by 100,000 ETH (valued at $163 million) overnight yesterday as Ethereum followed U.S. stock market declines. The Ethereum treasury company is now 400,000 ETH away from its 5% holding target of 6 million ETH.
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