Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH31m, Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETHBitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
- Posted on August 31, 2026
- By Cointelegraph
- 1 Views
- 1 min read
Bitmine demonstrates unwavering commitment to Ethereum accumulation, securing nearly 5% of the total ETH supply through persistent weekly purchases spanning 65 consecutive weeks. Despite facing substantial paper losses exceeding $5.1 billion during the crypto market downturn, the institution continues its strategic long-term positioning. This sustained buying pattern reflects confidence in Ethereum's fundamental value and suggests institutional belief in future price recovery amid market volatility.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH31m, Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETHBitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses.
Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH31m, Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETHBitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses. continue reading...
