BitMine Nears 5% of ETH Supply With $10B

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BitMine Nears 5% of ETH Supply With $10B Holdings Despite Bear Market

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On Monday, the crypto treasury company reported that it acquired 76,881 Ether (ETH) over the past week, potentially reducing its average cost basis as ETH briefly plunged below $1,600 during the period. The company has been steadily acquiring Ether during the bear market, regardless of price action.



**BitMine now holds 5,620,754 ETH acquired at an average price of $1,718.**
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BitMine Nears 5% of ETH Supply With $10B Holdings Despite Bear Market

BitMine expanded its Ether treasury to more than 5.6 million ETH, approaching 5% of the circulating supply as staking yields offset a prolonged market downturn.

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BitMine Nears 5% of ETH Supply With $10B Holdings Despite…

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