Bitmine purchased 45,759 ETH for $91m near $2k, significantly below the 2025 peak. Total ETH holdings now 4.37m, with 3.04m staked. Bitmine sees Ethereum’s utility justifying higher valuation. Staking operations generate income. Ethereum network sees growth in asset tokenization. Bitmine’s stock price fell despite acquisition. ETH trades in descending channel with liquidity-driven volatility.

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