BitMine Adds $1.7 Billion in Ethereum (over 373,000 Ethereum) over the past week

BitMine, a cryptocurrency treasury, has added $1.7 billion in Ethereum / over 373,000 Ethereum to its holdings, making it the second-largest cryptocurrency treasury. This increase brings its total Ethereum holdings to $6.6 billion, equivalent to over 1% of the total ETH supply. The company plans to continue accumulating Ethereum, with a potential stock offering of $20 billion to fund its strategy.

Key Points:

• BitMine added $1.7 billion / over 373,000 Ethereum to its treasury last week,
• BitMine's Ethereum holdings now exceed $6.6 billion.
• The company is the second-largest cryptocurrency treasury.
• BitMine plans to upsize a stock offering by $20 billion to accumulate more Ethereum.
• Ethereum ETFs have seen record inflows, with over $1 billion in investments.