Skip to main content

BitMine Acquires $1.5 Billion in Ether Amidst Market Volatility and Treasury Bubble Concerns

BitMine Buys $1.5B ETH Amid Volatility

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

Despite warnings about a potential digital asset treasury (DAT) bubble, BitMine Immersion Technologies has significantly expanded its Ether holdings, acquiring approximately $1.5 billion worth of ETH in the wake of a major crypto market liquidation event. This aggressive accumulation by the world's largest Ether treasury company underscores a continued bullish sentiment towards Ethereum, even as broader market concerns persist.

Did this answer your question?