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BitMine Secures 20,000 ETH through FalconX Platform in Major Treasury Acquisition
Ethereum treasury company BitMine has completed a significant acquisition, securing 20,000 ETH valued at approximately $46.04 million through the FalconX trading platform. The transaction, verified by on-chain analyst Yu Jin and reported by Odaily, underscores the company’s commitment to building a substantial Ethereum reserve in the current market environment.
The $46M Treasury Expansion Details
The transaction involved the purchase of 20,000 ETH tokens through FalconX’s institutional trading services. This volume represents a strategic accumulation for BitMine, positioning the firm as a major holder in the Ethereum ecosystem. At the time of execution, the transaction was valued at $46.04 million, reflecting market conditions when the purchase was completed. Currently, with ETH trading around $2,090 (as of February 2026), such holdings would carry even greater value, highlighting the long-term appreciation potential BitMine is banking on.
Verified On-Chain Transparency
The purchase was monitored through on-chain analysis, with researcher Yu Jin tracking the transaction details across the blockchain. This level of transparency is typical for institutional cryptocurrency acquisitions, where transactions are permanently recorded and verifiable on the public ledger. The use of FalconX as the intermediary platform indicates BitMine’s preference for established trading infrastructure known for handling large-volume institutional orders.
Strategic Positioning in Ethereum Market
BitMine’s acquisition reflects growing institutional confidence in Ethereum’s long-term value proposition. By securing a substantial ETH position through professional trading channels, the company demonstrates a calculated approach to treasury management. Such moves by treasury-focused entities often signal market optimism about cryptocurrency adoption and the critical role Ethereum plays in the broader digital asset ecosystem. The transaction serves as a data point in understanding how professional entities approach cryptocurrency portfolio building through established platforms like FalconX.