Bitmine Controls 4% of All Ethereum While Sitting on $6.5B Loss
A single company now controls more than 4% of all Ethereum in existence, and they're buying more while sitting on $6.5 billion in paper losses. Bitmine has accumulated 5.08 million ETH worth $13.3 billion, representing over 4% of Ethereum's total supply, with a stated goal of reaching 5% control
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