Bitmine Buys 117,111 ETH in Two Days via FalconX

Bitmine has stepped up its Ethereum buying, adding another 50,000 ETH—worth about $108.3 million—through crypto prime broker FalconX, according to on-chain tracking. The latest purchase lifts the firm's two-day accumulation to 117,111 ETH, valued at roughly $253.3 million. The holdings are spread across newly created wallets, a pattern often associated with planned custody and longer-term positioning rather than short-term trading. The pace and size of the buys have caught the market's attention, underscoring renewed institutional appetite for Ethereum accumulation strategies. FalconX's involvement also points to professionally executed block trading, typically used to source liquidity and manage large orders with less market disruption. For traders, activity of this scale can influence sentiment. Large, sustained buyers are often viewed as a stabilizing force and can reinforce bullish expectations, even though no single purchase guarantees a price move. Cointelegraph reported on March 26, 2026: Tom Lee's Bitmine bought another 50,000 ETH ($108.3M) from FalconX, bringing total two-day accumulation to 117,111 ETH ($253.3M) across newly created wallets.