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BTCC / BTCC Square / Global Cryptocurrency /
FalconX Exchange Facilitates BitMine’s $140M Ethereum Acquisition

FalconX Exchange Facilitates BitMine’s $140M Ethereum Acquisition

Author:
Global Cryptocurrency
Published:
2025-12-17 20:37:14
20
1
FalconX exchange News -

Tom Lee's BitMine has acquired an additional $140.58 million worth of Ethereum, bolstering its corporate treasury strategy. The transaction, executed via institutional brokerage FalconX, adds nearly 48K ETH to the firm's holdings, now totaling 3.97 million ETH—over 3.2% of the circulating supply.

The MOVE reflects a deliberate institutional bet on Ethereum's long-term value. BitMine's acquisition patterns, tracked by Arkham Intelligence, reveal a consistent accumulation strategy targeting 5% of all ETH in existence. Two newly created wallets received the latest tranche, mirroring previous purchase behavior.

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