Bitmine Adds 77,055 ETH, Boosting Total Ethereum Holdings to Over 3.3 Million

Bitmine has expanded its Ethereum (ETH) reserves with a new purchase of 77,055 ETH—worth approximately $319.77 million—according to on-chain data monitored by Onchain Lens and reported by Wu Shuo.Following the acquisition, Bitmine’s total Ethereum holdings have risen to 3,313,069 ETH, valued at around $13.75 billion at current market prices, reinforcing the company’s position among the largest institutional ETH holders.Institutional Accumulation ContinuesThe move reflects growing institutional confidence in Ethereum as markets stabilize following renewed optimism around U.S. rate cuts and improving crypto sentiment.While Bitmine has not disclosed its strategic plans, analysts note that large-scale ETH accumulation by exchanges and funds has historically coincided with periods of bullish recovery in the broader market.