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Bitmain Acquires 97,650 More ETH, Now Holds 3.16% of Ethereum Supply

Bitmain Acquires 97,650 More ETH, Now Holds 3.16% of Ethereum Supply

Bitmain Immersion Technologies’ $130M ETH purchase boosts its holdings to $12B, consolidating its position as a major Ethereum treasury holder.

ETH

Summary

Bitmain Immersion Technologies acquired 97,650 ETH valued at $130 million this week, according to Arkham data. This purchase raises the company’s total Ethereum holdings to $12 billion, representing approximately 3.16% of the total ETH supply. The acquisition aligns with Bitmain’s established pattern of large-scale weekly purchases and reinforces its standing as one of the largest Ethereum treasury holders.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and network fees.
  • Ethereum: A decentralized blockchain platform enabling smart contracts and decentralized applications (DApps).
  • Ethereum Supply: The total circulating amount of ETH available in the market at a given time.