U.S. Bitmain Buys an Additional 280,000 Ethereum in Two Weeks…$1.3 Billion in Scale
Summary
- Bitmain said it purchased an additional 280,000 Ethereum over the past two weeks, approximately $1.3 billion in scale.
- As a result, Bitmain's Ethereum holdings increased to about 2.07 million, making it the largest among publicly listed companies worldwide.
- Bitmain said it has continued aggressive buying since July.
U.S. Bitcoin (BTC) mining firm Bitmain has purchased $1.3 billion (about KRW 1.8 trillion) worth of Ethereum (ETH) so far this month.
On the 14th, according to Strategic Ethereum Reserve, Bitmain's Ethereum holdings were estimated at about 2.07 million as of that day. Compared with the 31st of last month (about 1.793 million), it increased by about 277,000. Over the past two weeks, it effectively purchased an additional 280,000 Ethereum.
At current value, the Ethereum Bitmain holds amounts to $9.62 billion (about KRW 13.4 trillion). It increased by $1.29 billion over the past two weeks.
Earlier, Bitmain began aggressively buying Ethereum in July. Currently, Bitmain ranks first among publicly listed companies worldwide by Ethereum holdings.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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