Bitmine keeps buying Ether as ETH outperforms Bitcoin
Cointelegraph 2026-07-27 19:22:59
Context: Bitmine, a cryptocurrency-related company, has been actively purchasing Ether, with its holdings increasing by nearly 10,000 ETH over the past week. This surge in Ether purchases comes as ETH has been outperforming Bitcoin. The company's current Ether holdings stand at 5.79 million.
Key Facts
- Bitmine added nearly 10,000 ETH to its holdings over the past week, bringing its total Ether holdings to 5.79 million.
- About 85% of Bitmine's 5.79 million Ether holdings are staked through its validator operations.
- The increase in Bitmine's Ether purchases coincides with ETH outperforming Bitcoin in the market.