PANews reported on August 26th that, according to Onchain Lens, Bitmine has acquired 4,871 Ethereum (ETH) from FalconX, valued at approximately $21.28 million. This brings Bitmine's total ETH holdings to 1,718,770, valued at approximately $7.6 billion.

Earlier yesterday, news broke that Bitmine 's cryptocurrency and cash holdings increased by $2.2 billion in the past week to $8.8 billion .