Ethereum

2026

Galaxy

<ul>
 <li>Bitmine purchased 20,500 ETH worth approximately $35.92 million.</li>
 <li>The acquisition was executed through Galaxy Digital.</li>
 <li>The purchase further expands Bitmine’s Ethereum treasury.</li>
</ul>
<p>Tom Lee-backed Bitmine has expanded its Ethereum holdings with the purchase of <strong>20,500 ETH</strong>, valued at approximately <strong>$35.92 million</strong>. The acquisition was completed through <strong>Galaxy Digital</strong>, adding to the company’s growing digital asset treasury.</p>
<p>The latest purchase underscores Bitmine’s continued confidence in Ethereum as institutional interest in the second-largest cryptocurrency remains strong.</p>
<h2 id="strong-galaxy-digital-facilitates-the-transaction-strong"><strong>Galaxy Digital Facilitates the Transaction</strong></h2>
<p>The transaction was carried out via Galaxy Digital, one of the leading digital asset financial services firms. Institutional investors often use firms like Galaxy Digital to execute large cryptocurrency purchases efficiently while minimizing market impact.</p>
<p>Acquiring more than 20,000 ETH in a single transaction highlights Bitmine’s commitment to increasing its long-term exposure to Ethereum.</p>
<div>
 <blockquote>
  <p>BULLISH: Tom Lee’s Bitmine bought another 20,500 <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> worth $35.92M via Galaxy Digital. <a href="https://t.co/lCclxOhxY9" rel="noopener noreferrer nofollow">pic.twitter.com/lCclxOhxY9</a></p>— Cointelegraph (@Cointelegraph) <a href="https://x.com/Cointelegraph/status/2075450031373443080?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2026</a>
 </blockquote>
</div>
<h2 id="strong-institutional-demand-for-ethereum-grows-strong"><strong>Institutional Demand for Ethereum Grows</strong></h2>
<p>Bitmine’s latest acquisition reflects a broader trend of institutional investors adding Ethereum to their balance sheets. As Ethereum continues to play a central role in decentralized finance, tokenization, and smart contract applications, many companies view ETH as a strategic long-term asset.</p>
<p>While one purchase does not determine market direction, continued accumulation by institutional players may reinforce confidence in Ethereum’s long-term growth potential. Investors will be watching whether Bitmine continues to expand its ETH holdings in the coming months.</p>

Bitmine Buys Another $35.9M Worth of Ethereum

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