Bitmain, a publicly traded company with significant investments in the crypto space, has further expanded its Ethereum (ETH) holdings. According to a report by Onchainlens, Bitmain executed a purchase of 7,660 ETH through Galaxy Digital earlier today. Significant Ethereum Investment This latest acquisition represents a substantial investment of $29.54 million, based on current Ethereum prices. The purchase underscores Bitmain's continued confidence in Ethereum's potential and its commitment to the Ethereum ecosystem. Bitmain's Crypto Strategy While Bitmain is primarily known for its Bitcoin mining hardware, this Ethereum purchase demonstrates a diversified investment strategy. The company appears to be actively managing its digital asset portfolio, capitalizing on opportunities within the broader cryptocurrency market. This strategic move allows Bitmain to tap into the growth potential of both Bitcoin and Ethereum. ```