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Bitmain purchased an additional 98,852 Ethereum last week…holdings surpass 4 million
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- Bitmain purchased an additional 98,852 Ethereum last week, pushing its total holdings past 4,066,062.
- Bitmain's Ethereum holdings account for about 3.37% of the total supply, and it said it is pursuing an accumulation strategy for long-term investment.
- The company is pursuing the construction of Ethereum-based staking infrastructure, and said the network aims to be operational in early 2026.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitmain, the world's largest Ethereum (ETH) holding company, has significantly increased its Ethereum holdings over the past week, pushing the total past 4 million.
On the 22nd, according to PR Newswire, Bitmain added 98,852 Ethereum last week, expanding its total holdings to 4,066,062. This represents about 3.37% of the total circulating supply of Ethereum.
As of the 21st, Bitmain holds 4,060,000 Ethereum and 193 Bitcoin (BTC), and its cash holdings are at about 1 billion dollars. Including other crypto assets and some equity investments, total assets were estimated at about 13.2 billion dollars.
Tom Lee, chairman of Bitmain, said, "In just over five months our Ethereum holdings have surpassed 4 million," and "we are rapidly making progress toward our goal of expanding the share of Ethereum holdings to 5%."
Bitmain is the world's largest Ethereum holder and has adopted a strategy of accumulating crypto assets as long-term investment assets. The company is also building Ethereum-based staking infrastructure, and the validator network is aimed to be operational in early 2026.
