BitMine Adds 12,532 ETH to Holdings, Nears 5% Accumulation

BitMine adds 12,532 ETH to its holdings, nearing a 5% accumulation target. This shift hints at a strategic pause in buying—what's next? BitMine has recently acquired 12,532 ETH, bringing its total holdings to 6,028,946 ETH, which represents about 4.9% of Ethereum’s overall supply. This acquisition indicates that BitMine is approaching its 5% accumulation target, as noted by the CryptoTwitter commentator @WuBlockchain. The management’s statement suggests that they are largely finished buying ETH, hinting at a strategic shift in their approach moving forward.

Source: Coinfomania