Bitmine Raises Ethereum Stake Above 3% — Monitor Supply Impact
I note Bitmine increased its Ethereum holdings this morning, pushing the Ethereum Treasury Company's stake above 3% of the circulating supply.
That scale of accumulation can be market-relevant — it tightens effective supply and could provide price support if demand persists. I will watch on-chain flows and exchange balances for follow-through.
I'm not treating this as an immediate buy signal; the impact depends on Bitmine's intentions and whether accumulation continues or reverses.
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