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Bitmine Buys 77,000 ETH, Now Second-Largest Corporate Holder

Bitmine Buys 77,000 ETH, Now Second-Largest Corporate Holder

Bitmine has purchased 77,000 ether, making it the second-largest corporate holder of the cryptocurrency, the company said Monday. The acquisition positions the mining firm behind only the top known corporate treasury in total ETH holdings.

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The purchase places Bitmine behind only one other company in known corporate ether holdings. The move underscores growing interest among traditional mining firms in diversifying into the second-largest digital asset.