Bitmain, a prominent player in the cryptocurrency mining hardware industry, has significantly increased its Ethereum holdings. Last week, the company announced the acquisition of 70,000 ETH, demonstrating its continued confidence in the Ethereum network and its future potential. As of October 26, 2023, Bitmain's total ETH holdings reached 3,629,701, valued at approximately $11.2 billion USD. This substantial investment underscores Bitmain's strategic diversification into digital assets beyond Bitcoin mining. In addition to its significant ETH portfolio, Bitmain also holds 192 BTC and shares of Eightco Holdings (ORBS), a Nasdaq-listed company, valued at USD 38 million. This diversified portfolio reflects Bitmain's broader investment strategy within the tech and cryptocurrency sectors. The recent ETH acquisition reinforces Bitmain's position as a key player in the Ethereum ecosystem and highlights the growing institutional interest in Ether as a valuable digital asset. ```