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BREAKING: BitMine out here buying up ETH like it’s the last tendie on earth, $389 million in cash reserves and 3.
problem: BitMine’s aggressive accumulation of ETH raises concerns about centralization within the Ethereum ecosystem.
insight: The concentration of such a significant portion of
Key takeaways:
– BitMine solidifies position as world’s largest Ethereum holder and second-largest crypto treasury behind Strategy Inc.
– BitMine’s “5% Alchemy” strategy aims to accumulate 5% of Ethereum’s total supply, becoming the institutional face of ETH investing. 🚀
BitMine now holds 3.39 million ETH, 192 BTC, a stake in Eightco Holdings, and $389 million in cash reserves. The company’s aggressive accumulation strategy includes recent acquisitions of ETH tokens. 💰
BitMine Bolsters “5% Alchemy” Plan With Bold Purchase of 82,000 ETH
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