According to reports, BitMine, described as the world's largest Ethereum treasury company, has increased its Ethereum holdings by $140 million. The company's treasury now holds nearly 4 million ETH. At current prices, the total value of BitMine's Ethereum treasury is approximately $11.6 billion, according to onchain analysts. The development suggests a continued accumulation strategy by a major player in the Ethereum space.

According to reports, BitMine, described as the world's largest Ethereum treasury company, has increased its Ethereum holdings by $140 million. The company's treasury now holds nearly 4 million ETH. At current prices, the total value of BitMine's Ethereum treasury is approximately $11.6 billion, according to onchain analysts. The development suggests a continued accumulation strategy by a major player in the Ethereum space.