đš BitMine Just Crossed $3 Billion in ETH â Whatâs Going On?
đ BitMine has officially entered whale territory! The company now holds a staggering 833,137 ETH, worth over $3 billion â thanks to a single-week purchase of 208,137 ETH. This comes amid a 6% ETH price rally, further fueling bullish sentiment. đ„
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đ§ Whatâs the Play?
BitMine isnât just holding â theyâre going all in on Ethereum. Their bold goal? To stake 5% of the entire ETH supply. In just 5 weeks, they went from 0 to 833K ETH. đïžđš
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đ„ Backed by Giants
The strategy is spearheaded by Tom Lee (Fundstrat) and Jonathan Bates, with serious backing from names like:
âą đ§ Bill Miller III
âą đ ARK Invest
âą đŒ Founders Fund
These arenât your average investors â theyâre betting big on ETHâs future.
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â ïž Big Moves, Big Questions
With so much ETH under one roof, some are asking:
âą What happens if ETH dips?
âą Could BitMine gain too much influence via staking?
Still, the market seems to love it â and the ETH rally says it all. đ
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đŹ Your Turn
Is BitMineâs strategy smart, risky⊠or both?
Will ETH staking dominance become a centralization concern?
Drop your thoughts đđđ