BitMine Buys 35,000 ETH Worth $69.37 Million in Single Day

According to Lookonchain, BitMine’s latest Ethereum purchase via FalconX and BitGo boosts its holdings to over 4.37 million ETH, reflecting sustained large-scale institutional crypto accumulation.

ETH

57d ago

Summary

On February 20, 2025, Lookonchain reported that BitMine Immersion Technologies acquired 35,000 ETH within 24 hours, valued at about ¥10.6 billion, through FalconX and BitGo. The purchase increased BitMine’s total Ethereum holdings to 4,371,497 ETH. This follows the company’s earlier reported acquisition from FalconX, highlighting ongoing institutional-scale investment in Ethereum.

Terms & Concepts

ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
FalconX: A digital asset trading platform providing brokerage and liquidity services for institutional cryptocurrency investors.
BitGo: A digital asset custody and security company that provides institutional-grade wallets and settlement services.