BitMine Acquires 64,000 ETH Worth $200 Million as Ethereum Trades Near $3,000

BitMine purchased more than 64,000 ETH valued at approximately $200 million across two transactions on December 5-6, according to blockchain data. The acquisitions, processed through BitGo and FalconX, bring the firm's total Ethereum holdings to 3.73 million ETH—worth over $11 billion at current prices. The company now ranks as the second-largest corporate cryptocurrency holder after MicroStrategy.