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On October 13, COINOTAG News citing prnewswire reported that BitMine purchased 202,037 Ethereum (ETH) last week, a stake valued at approximately $8.3426 billion. The disclosure reflects a notable institutional accumulation of Ethereum assets.
Following the acquisition, BitMine now holds a total of 3,032,188 ETH, with an aggregate valuation near $12.52 billion. These figures align with published custody and reserve summaries and update the firm’s reported crypto holdings and balance sheet exposure.
Market participants and analysts tracking ETH liquidity and on-chain supply metrics should log this transaction as an adjustment to disclosed reserve metrics; the report provides a contemporaneous data point for institutional Ethereum ownership analysis.
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