BitMine Expands Ethereum Holdings by $97.6 Million Amid Market Softness
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Ethereum Accumulation: BitMine Immersion Technologies has continued to expand its Ethereum holdings by purchasing an additional 32,938 ETH worth approximately $97.6 million, demonstrating a strategic move to capitalize on market softness below $3,000.
- Staked Assets Growth: The company staked an additional 118,944 ETH, roughly valued at $352 million, which not only enhances its long-term exposure to the network but also potentially increases future yield opportunities.
- Holding Milestone: This latest acquisition brings BitMine's total Ethereum holdings to around 4.07 million ETH, valued at approximately $12 billion, solidifying its position as the world's largest
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







