BitMine Acquires 21,537 ETH Worth $60 Million Through FalconX Transfer
BitMine acquired 21,537 ETH valued at $60 million from institutional prime broker FalconX, data show. The purchase brings the firm's total Ethereum holdings above 3.5 million ETH, representing approximately 3% of the cryptocurrency's circulating supply. The company faces an estimated $4 billion in unrealized losses amid Ethereum's recent price decline.