Bitmine Purchases 22,676 ETH Worth $68.86 Million in Recent Transaction

Bitmine’s latest disclosure shows $13.2 billion in assets as of December 7, comprising 3.864 million ETH, 193 BTC, and $1 billion in cash. The firm purchased 138,452 ETH last week, marking a 156% increase in weekly buying volume as part of its target to acquire 5% of Ethereum’s total supply. This follows recent onchain tracking of a 22,676 ETH transfer worth $68.86 million from BitGo to a Bitmine-linked wallet, reinforcing its aggressive acquisition strategy.

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