Ethereum financial giant BitMine continues to significantly increase its ETH holdings, drawing the market’s attention. According to on-chain analytics platform Arkham, on Wednesday, BitMine purchased 18,345 ETH via BitGo and an additional 30,278 ETH through a CEX, with a total value of around $150 million. Although the transaction has not been officially confirmed, on-chain evidence indicates that the fund flow is essentially complete.

Since the beginning of the year, BitMine has consistently maintained a steady buying trend, showing no signs of slowing down even during the sluggish market phase in November. In just the last week of November, the company increased its holdings by 96,798 ETH, bringing its share to over 3% of Ethereum’s total circulating supply. The company has repeatedly stated its goal of owning 5% of ETH and has continuously emphasized Ethereum’s core position in the future financial infrastructure.