• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Diamandis' Endorsement and Current Market Influence

    Diamandis Backs Bitcoin with Strong Personal Endorsement

    Singularity Founder's Bitcoin Allegiance Sparks Debate

    Singularity Founder’s Bitcoin Allegiance Sparks Debate

    El Salvador Redistributes Bitcoin to Mitigate Quantum Threats

    El Salvador Redistributes Bitcoin to Mitigate Quantum Threats

    Bitcoin to Reach $1 Million: Eric Trump's Prediction and Market Dynamics

    Eric Trump Predicts Bitcoin Reaching One Million Dollars

    Bitcoin Prediction by Eric Trump

    Eric Trump Forecasts Bitcoin Surging to $1 Million

    Grant Cardone Lists Miami Mansion for Bitcoin Sale

    Grant Cardone Lists Miami Mansion for Bitcoin Sale

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    BitMine Acquires 1.79M ETH, Valued at $7.88 Billion

    BitMine Acquires 1.79M ETH, Valued at $7.88 Billion

    BitMine Acquires 1.72M ETH, Valued at $7.65 Billion

    BitMine Acquires 1.72M ETH, Valued at $7.65 Billion

    WLFI Derivatives Volume Surges Ahead of Token Unlock

    WLFI Derivatives Volume Surges Ahead of Token Unlock

    WLFI Token Unlock Drives 400% Derivatives Volume Surge

    WLFI Token Unlock Drives 400% Derivatives Volume Surge

    WLFI Token Unlock and Market Surge Analysis

    World Liberty Financial Prepares for Major Token Unlock

    World Liberty's Token Unlock Sparks Derivatives Volume Surge

    World Liberty’s Token Unlock Sparks Derivatives Volume Surge

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

BitMine Acquires 1.79M ETH, Valued at $7.88 Billion

Solomon M. by Solomon M.
September 1, 2025
in Altcoin News
BitMine Acquires 1.79M ETH, Valued at $7.88 Billion

BitMine Acquires 1.79M ETH, Valued at $7.88 Billion

Key Points:
  • BitMine acquires 1.79 million ETH, boosting treasury value to $7.88 billion.
  • Largest corporate ETH holder plans to control more than 5% of supply.
  • Ethereum security enhanced with increased institutional staking.
bitmine-acquires-1-79m-eth-valued-at-7-88-billion
BitMine Acquires 1.79M ETH, Valued at $7.88 Billion

Tom Lee’s BitMine recently acquired 1.72 million ETH in 40 days, establishing itself as the largest corporate Ethereum treasury.

MAGA

The acquisition highlights BitMine’s strategic influence on Ethereum markets, impacting institutional trends and supporting ETH’s stability amid increasing corporate interest.

BitMine recently purchased 1.79 million ETH in a concentrated effort over 40 days, valuing its ETH treasury at $7.88 billion. This bold move establishes BitMine as the largest corporate holder of Ethereum to date. BitMNR shared insights about this massive acquisition.

Led by Tom Lee, BitMine’s acquisition aims to control over 5% of Ethereum’s total supply. The strategy signals a significant shift in the corporate treasury landscape, attracting attention from major institutional investors. As Lee stated, “Calling ETH bottom to happen in next few hours.”

The purchase immediately impacts Ethereum markets, with BitMine’s actions reinforcing market confidence. The accumulation supports Ethereum’s price stability during dips and enhances network security through increased staking. More information can be found in this on-chain analytics report.

Financial consequences include a rotational shift from Bitcoin to Ethereum, highlighting growing institutional interest. This move indicates changing preferences for digital assets, influencing portfolio strategies in the crypto industry, as discussed in Fundstrat’s insights.

BitMine’s strategy presents a precedent for corporate crypto treasuries. The substantial investment may invite regulatory attention but also encourages transparency in cryptocurrency holdings. Additionally, Udi Wertheimer discusses recent advancements and observations in similar strategic moves.

Experts suggest BitMine’s actions could lead to increased Ethereum adoption, impacting DeFi protocols and L2 scaling efforts. Historically, such institutional support solidifies the asset’s status and can predict future market trends.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

BitMine Acquires 1.72M ETH, Valued at $7.65 Billion

Solomon M.

Solomon M.

Related Posts

BitMine Acquires 1.72M ETH, Valued at $7.65 Billion

BitMine Acquires 1.72M ETH, Valued at $7.65 Billion

by Solomon M.
September 1, 2025

Tom Lee's BitMine increases ETH holdings to 1.72 million, worth $7.65 billion.

WLFI Derivatives Volume Surges Ahead of Token Unlock

WLFI Derivatives Volume Surges Ahead of Token Unlock

by Solomon M.
September 1, 2025

WLFI derivatives volume grows 400% before major token unlock event.

WLFI Token Unlock Drives 400% Derivatives Volume Surge

WLFI Token Unlock Drives 400% Derivatives Volume Surge

by Solomon M.
September 1, 2025

WLFI prepares for token unlock, boosting derivatives volume by 400%. Involved parties include Trump family and key investors.

WLFI Token Unlock and Market Surge Analysis

World Liberty Financial Prepares for Major Token Unlock

by Solomon M.
September 1, 2025

WLFI set for token unlock with 400% rise in derivatives volume.

World Liberty's Token Unlock Sparks Derivatives Volume Surge

World Liberty’s Token Unlock Sparks Derivatives Volume Surge

by Solomon M.
September 1, 2025

WLFI token unlock prompts a 400% rise in derivatives volume, with notable institutional backing.

WLFI Derivatives Surge as First Token Unlock Approaches

WLFI Derivatives Surge as First Token Unlock Approaches

by Solomon M.
September 1, 2025

WLFI token unlock on Sept 1 will release 20% supply, influencing derivatives and market focus.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.