INSIGHT: Bitmine bold ETH bet🚨
Bitmine is deep in accumulation mode holding $12.4B worth of $ETH while sitting on $3.5B in unrealized losses for now.
Despite being underwater the firm hasn’t slowed down it’s already two-thirds of the way toward its ambitious goal of owning 5% of Ethereum total supply.
This looks less like short-term trading and more like a high-conviction long-term bet on Ethereum future. 🔥
