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BitMine Adds 12,532 ETH, Management Signals Buying Largely Complete
BitMine announced it acquired 12,532 ETH over the past week, bringing its total holdings to 6,028,946 ETH, or about 4.9% of Ethereum's 122.1 million supply. The company stated it is 99% of the way toward its 5% accumulation target, with 5.07 million ETH currently staked. Management noted the company is "largely finished buying ETH," suggesting future purchases may slow as it approaches the target.
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