Bitmain's Ethereum Holdings Surpass 2% of Total Supply, Plans for Further Acquisitions

Bitmain, the world's largest holder of the cryptocurrency Ethereum (ETH), reported on the 22nd that its holdings have exceeded 2.4 million coins, valued at approximately 1.5 trillion yen, accounting for over 2% of the total Ethereum supply.

Since the additional purchases made on the 15th, it is estimated that about 11 billion dollars (approximately 1.6 trillion yen) worth of Ethereum has been bought. The company also announced new fundraising efforts to further increase its Ethereum purchases.

Bitmain stated that its total holdings, including cryptocurrencies and cash, have reached 11.4 billion dollars (approximately 1.7 trillion yen). The specific breakdown includes 2,416,054 ETH priced at 4,497 dollars per ETH, 192 BTC, and holdings in Eightco...