🚨 INSIGHT: BITMINE ABSORBS MASSIVE ETH SUPPLY DESPITE PAPER LOSSES
BitMine is currently sitting on $3.5 BILLION in unrealized losses while aggressively accumulating $12.4 BILLION worth of $ETH .
That accumulation already puts the firm ~66% of the way toward its stated goal of owning 5% of Ethereum’s total supply.
📊 What this tells us:
• BitMine is clearly not trading short-term price action
• This is a long-duration, conviction-driven accumulation strategy
• Temporary drawdowns are being tolerated to secure supply$XRP
💡 Why it matters:
• 5% of ETH supply is systemically significant
• Large-scale accumulation tightens liquid supply over time
• Institutional players absorbing ETH during weakness often precede longer-term structural moves
⚠️ Risk vs conviction:
• Unrealized losses highlight near-term volatility risk
• Continued buying signals confidence in Ethereum’s future value, not current price
📌 Bottom line:$BIFI
BitMine is playing the long game — sacrificing short-term PnL to lock in strategic ETH exposure. Whether this becomes visionary or painful will depend on Ethereum’s next major cycle move.
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