BitMine’s recent Ethereum acquisition boosts its stake to 3.5% of total ETH supply, highlighting continued institutional demand for the cryptocurrency.
Bitmine has bought $103.7 million worth of ETH in the last 24 hours, now holding $12.61 billion ETH, or over 3.5% of the total supply. Additionally, Bitmine staked $279.4 million ETH this week, increasing its total staked amount to $5.27 billion.