Bitmine Adds 10,000 ETH to Massive Treasury

Crypto firm Bitmine is doubling down on its favorite asset. Over the past week, the company added nearly 10,000 Ether to its treasury. This latest purchase brings its total stash to a staggering 5.79 million Ether.

Bitmine is not just sitting on these coins. About 85 percent of its holdings are actively staked through its validator operations, earning steady rewards while locking up supply. This strategy highlights strong corporate confidence in the network.

This buying spree comes as Ether outperforms Bitcoin on the charts. Traders are watching to see if this trend continues. If major holders keep locking up supply, the market could see reduced selling pressure in the weeks ahead.