Ethereum treasury firm BitMine purchased 20,000 ETH worth $46.04 million via FalconX, according to on-chain analyst Ember, signaling continued large-scale institutional engagement with the asset.
Ethereum treasury company BitMine bought 20,000 ETH for $46.04 million through FalconX, with the transaction executed via wallet 0x3BF...285C about 20 minutes before disclosure. On-chain analyst Ember reported the purchase, which continues BitMine’s strategy of sizable acquisitions to manage its average Ethereum purchase price and reflects sustained institutional participation in the Ethereum market.