BitMine (BMNR), an Ethereum-focused microstrategy company, received 80,325 ETH ($358 million) from Galaxy Digital and FalconX, raising its total holdings to 1,947,299 ETH valued at $8.69 billion. This makes BitMine the largest holder of Ethereum, more than twice the holdings of the second-largest ETH holder, SharpLink. BitMine’s aggressive accumulation positions it as a dominant player in the Ethereum treasury space, supported by major institutional investors, aiming to capture a significant share of the Ethereum market.

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