Bitmine Adds 40,000 ETH Worth $70 Million to Treasury on Tuesday

ETH-0.86%
According to blockchain analytics platform Lookonchain, Bitmine purchased 40,000 ETH on Tuesday across two wallet addresses, with Arkham Intelligence data showing the funds came from hot wallets on FalconX and Kraken. The $70 million acquisition brings Bitmine's total Ethereum holdings to 5.74 million tokens, representing approximately 4.8% of Ethereum's circulating supply and moving closer to the company's 5% target.
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