COINOTAG News, citing LookIntoChain, reports that BitMine, recognized as Ethereum‘s first DAT (decentralized autonomous treasury), expanded its on-chain holdings by 13,412 ETH, valued at roughly $40.61 million. The development highlights ongoing treasury management activity among crypto-native entities and adds a tangible data point to ETH accumulation patterns.

The move aligns with broader ETH reserve strategies among specialized crypto treasuries, signaling disciplined capital allocation rather than speculative activity. The reported increase reflects DAT participants prioritizing liquidity buffers and strategic exposure within the Ethereum ecosystem.

Going forward, market observers will monitor for further disclosures via LookIntoChain and related trackers to determine whether this action reflects a wider accumulation trend or remains an isolated event in the dynamic crypto landscape.