Bitmine (BMNR), a treasury-focused Ethereum entity, expanded its holdings by purchasing 32,977 ETH at an approximate price of $2,963 per ETH. The transaction increases Bitmine’s ETH reserves and highlights the company’s ongoing strategy to accumulate Ether as a treasury asset. This sizable acquisition reflects growing institutional interest in Ethereum as a treasury asset, signaling demand from crypto-focused institutions for long-term exposure to ETH.
The purchase price around $2,963 per ETH places the deal within a dynamic market environment where Ethereum remains a core component of diversified portfolios. While the data point doesn’t indicate a broader market move, it contributes to the trend of institutional buyers adding ETH to reserves. It also underscores Bitmine’s commitment to building a robust Ether position amid ongoing network upgrades and ecosystem expansion.
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