Massive move in the Ethereum treasury! Last week, Bitmine collected 138,452 ETH in a single transaction. The amount of money put on the table? $435 million.
With this move, the amount of ETH in the company’s reserves has now reached 3.86 million. As for the total value—it’s over $12.4 billion.
Bitmine continues to be one of the largest Ether collectors in the crypto world.
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NightAirdropper
· 21h ago
Wow, devoured 1.38 million coins in one go, this appetite is really outrageous
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FlashLoanLarry
· 12-11 04:09
ngl bitmine's capital utilization here is just... textbook opportunity cost management. 435m in one week? that's not collecting, that's accumulating with thesis validation written all over it. the basis points on their liquidation strategy must be absolutely delicious rn
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LiquidationWatcher
· 12-10 12:35
Whoa, spending 435 million in a week to buy ETH, is that real?
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MetamaskMechanic
· 12-10 12:01
Whoa, 1.38 million ETH poured in over a week? This guy is really planning to hold long-term, not just betting on short-term fluctuations.
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PumpBeforeRug
· 12-08 17:54
Damn, 138,452 ETH in one go? This entrepreneur must be crazy, directly dropping $4.35 billion...
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AirdropDreamBreaker
· 12-08 17:53
Something's not right. So many of these numbers coming out in just one week? What is Bitmine stockpiling for?
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LiquidatedTwice
· 12-08 17:50
Damn, bought over 13,000 in a week? Is this guy buying the dip or just gambling?
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LonelyAnchorman
· 12-08 17:43
Damn, that's a huge hoard. Bitmine is really going big.
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SigmaValidator
· 12-08 17:42
Eating up 138k ETH in one week? What is bitmine up to, haha
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ZKSherlock
· 12-08 17:37
actually... 12.4B in eth holdings just sitting there? ngl the centralization risk here is kinda wild. like, have we even done proper security audits on their custody infrastructure? because that's a *lot* of cryptographic surface area to attack, and i'm genuinely paranoid about whether they're using proper zero-knowledge proofs for their reserve verification... probably not tbh
Massive move in the Ethereum treasury! Last week, Bitmine collected 138,452 ETH in a single transaction. The amount of money put on the table? $435 million.
With this move, the amount of ETH in the company’s reserves has now reached 3.86 million. As for the total value—it’s over $12.4 billion.
Bitmine continues to be one of the largest Ether collectors in the crypto world.