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Bitmine Immersion's ETH stash just hit a new milestone—they're now sitting on 3.2% of the entire Ethereum supply. That's roughly $12 billion in holdings. When you've got that much skin in the game, every network upgrade and market swing hits different. Curious how this positions them relative to other major ETH accumators and what their next move might be.
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1.2 billion dollars invested, this courage is incredible, really daring to go all in
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Wait, they have so much ETH, aren't they worried about a sudden crash leading to huge losses?
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Being able to hold so much indicates they are quite optimistic about the upcoming upgrades
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Damn, this ratio is basically like having the rhythm in your hands
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Curious how they managed to raise so much, is it purely buying or some other tricks
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3.2%, feels like we're not far from it, pushing towards a bigger top position
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What would their purchase cost be? Can't even imagine
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Basically, it's a bet on ETH's future, everything else is虚的
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If they start to significantly reduce their holdings, how much impact would that have on the market...