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Ethereum News Today: Bitmine Doubles Down on Ethereum Amid Market Uncertainty

Generated by AI AgentCoin World

Friday, Sep 5, 2025 5:03 am ET1min read

BTC--

ETH--

GLXY--

Aime Summary

- Bitmine, the largest Ethereum holder, buys 80,325 ETH ($358M) from Galaxy Digital and FalconX, boosting total holdings to 1.947M ETH ($8.69B).

- This doubles Bitmine's lead over second-largest holder SharpLink (837K ETH), with average costs of $3,883 vs. $3,594.

- Mirroring Michael Saylor’s Bitcoin strategy, Bitmine’s accumulation signals long-term confidence, with other institutions also increasing Ethereum stakes.

In a significant development within the cryptocurrency market, Bitmine, identified as the largest EthereumETH-- corporate holder, has recently acquired a fresh 80,325 ETH valued at $358 million from Galaxy DigitalGLXY-- and FalconX, as revealed by Arkham data. This acquisition brings Bitmine’s total Ethereum holdings to 1,947,299 ETH, amounting to approximately $8.69 billion, according to on-chain analyst EmberCN [1].

Bitmine’s latest move surpasses the holdings of SharpLinkSBET--, the second-largest Ethereum holder, by more than double. As of August 31, Bitmine held 1,866,974 ETH with an average cost of $3,883, while SharpLink held 837,230 ETH with an average cost of $3,594 [1]. This accumulation strategy indicates a bullish outlook on Ethereum, mirroring Michael Saylor’s strategy for BitcoinBTC--, which emphasizes long-term value despite market fluctuations. This approach reflects a confidence in Ethereum's future potential amidst evolving market conditions.

The Ethereum accumulation is not an isolated action; other institutional players are also showing interest. On

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