Bitmine lifts Ether holdings to 5.7M as it joins Russell 1000
CoinTelegraph·
60-second summary
Bitmine is purchasing approximately $43 million worth of Ether, lifting its holdings to 5.7 million, as it joins the Russell 1000 Index. This move brings it closer to its goal of owning 5% of ETH's supply. Bitmine's increased Ether holdings signify a significant investment in the cryptocurrency market, potentially impacting ETH's price and overall market dynamics.
Bitmine purchased about $43 million worth of Ether last week as it entered the Russell 1000 Index, bringing it closer to its goal of owning 5% of ETH’s supply.