Ethereum News: Latest On-chain Activity Hints Massive ETH Purchase by Bitmine (BMNR) and SharpLink (SBET)

In the latest Ethereum news today, top Ethereum treasury companies Bitmine Immersion and SharpLink Gaming have reportedly scooped up a massive amount of ETH. This comes as ETH price started upside momentum after the US PPI data showed inflation had significantly cooled. Tom Lee-backed Bitmine Immersion purchased 46,255 ETH worth $200.43 million, on-chain data platform Lookonchain reported on September 11. With the latest purchase, Bitmine expanded its total ETH holdings to 2,126,018 ETH worth $9.27 billion.