Bitmine Acquires 28,000 ETH, Nears Its 5% Supply Target
Bitmine buys 28,000 ETH, reaching 97% of its goal to hold 5% of Ether's supply, while Tom Lee's firm carries a $5.1B unrealized loss.
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Bitmine Holds 4.9% of Ethereum After 65 Weeks of Unbroken Buying
Bitmine has bought Ethereum for 65 straight weeks, accumulating 4.9% of total ETH supply while carrying $5.1 billion in paper losses.
Bitmine Absorbs ETH Through Losses, Eyes 5% of Total Supply
Bitmine nears 5% of Ethereum's supply with over 5M ETH staked, projecting $287M in annual rewards despite $8.4B in unrealized losses.