The U.S.-based crypto mining firm acquired 60,000 ETH last week, reinforcing its long-term confidence in Ethereum despite persistent market weakness.
Bitmain, a U.S.-based cryptocurrency mining company, purchased 60,000 ETH (Ethereum’s native token) last week, increasing its unrealized losses to about ¥1.2 trillion. Despite the declining market, the company’s continued accumulation signals confidence in Ethereum’s long-term value. Such large-scale purchases by industrial players often indicate strategic positioning for future price recovery cycles within the digital asset market.