Bitmine Adds 33,504 ETH in $112M Purchase From FalconX
Publicly listed miner-turned-treasury firm Bitmine (NYSE: BMNR) added another $112 million worth of Ethereum to its balance sheet today on Dec.11. On-chain data tracked by Arkham Intelligence shows the Bitmine treasury wallet received 33,504 ETH in two OTC transfers from FalconX. The purchase is one of Bitmine’s largest single-day ETH acquisitions to date and extends its shift from pure Bitcoin mining into a multi-asset crypto treasury strategy, with Ethereum now serving as the firm’s primary reserve asset. ETH was trading at $3,340 at the time of the transfer.