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BitMine buys 40,000+ ETH, now holds 3.5% of supply — analysts flag concentration risk — Assets.beincrypto.com
Crypto

BitMine buys 40,000+ ETH, now holds 3.5% of supply — analysts flag concentration risk

BeInCrypto reports NYSE-listed BitMine (BMNR), led by CEO Tom Lee, accelerated Ethereum accumulation and staking as prices fell, buying more than 40,000 ETH in the past week. According to CoinGecko data cited in the article, BitMine now holds over 4.2 million ETH — valued at more than $12.4
28 Jan 2026 1 min read
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