🟩 BitMine bought
312,018 ETH in May and now holds
5.39M ETH, equal to
4.47% of the total supply.
💥 Ethereum’s net supply grew by only
~49K ETH over the same period. But
ETH is still trading around
40% below BitMine’s ~$3,500 average buy price.
🔥 Strategy repurchased its own debt for $1.5 billion
without selling
BTC. while its Bitcoin portfolio is still around
$65B.
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💧 DropsTab