BitMine purchased $๐ณ๐ต๐ of ETH over the past week โ its largest weekly buy in over six weeks, bringing total holdings to $๐ญ๐ฐ.๐ณ๐ฎ๐ (~4.85% of Ethereum's supply). Average cost basis near $3,400, with 87% of holdings staked. ๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: The acceleration is the signal โ not routine DCA but intensifying conviction as ETH recovers. The $3.4B weekly narrowing of unrealized losses (from $8.5B to $5.08B) eases near-term forced-sell risk, but that $5B+ overhang remains the key tail risk. Any ETH pullback toward the $3,400 cost basis puts pressure on the largest corporate ETH holder's P&L. With 87% of supply staked and locked, the structural long is reinforced โ but watch ETH price relative to $3,400 and whether BitMine's buy pace keeps accelerating. Verify on-chain: https://arkm.com/explorer/entity/bitmine source: EmberCN Track real-time signals & trade โ https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2153(Hupzy (Spot On Chain))



