BitMine Adds 25,000 ETH to Treasury in $50,413,250 Kraken Withdrawal

BitMine expanded its Ethereum holdings with a single 25,000 ETH purchase valued at $50,413,250 at the time of the transfer. The funds were withdrawn from Kraken, as Ethereum continued to face bearish pressure while holding support above $2,000 amid volatility. Analysts have also warned ETH could revisit a $1,000 area if downside conditions persist.