According to the latest data, as of February 23 (Eastern Time), BitMine and its subsidiaries hold a total of 4,371,497 ETH, an increase of 45,759 ETH from the previous week.
The total value of these holdings reaches a staggering $8.69 billion, accounting for 3.61% of Ethereum's total supply (currently 120.7 million ETH).
This data reflects not only BitMine's deep involvement in the blockchain technology sector but also its long-term confidence in Ethereum's ecosystem.
BitMine's Strategic Moves
BitMine's accumulation of Ethereum is not a random move but aligns closely with its long-term development plan. Key aspects include:
- Strengthening investments in blockchain infrastructure
- Optimizing cryptocurrency storage and management solutions
- Exploring enterprise use cases for Ethereum
These initiatives reinforce BitMine's leadership in the industry while also driving the broader blockchain ecosystem forward.