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52m 21s ago
Ethereum Holdings Jump: BitMine Adds 1.08 Million ETH in 2 Months Amid 32% Price Decline
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According to COINOTAG News, citing data from BitMine, ETH holdings expanded over a two-month window. As of September 29, BitMine held 2,650,900 ETH; the latest tally shows 3,726,499 ETH, marking a net increase of 1,075,599 ETH.
During this period, the Ethereum price declined, dropping from an October open near $4,142 to roughly $2,811 at press time, a 32% retreat. This juxtaposition underscores the challenge of reconciling reserve growth with a softer price environment in the crypto market.
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