Bitmine has hoarded ETH pretty aggressively—5.77 million ETH is close to accounting for 5% of the total supply, and the institutional FOMO is confirmed.

BMNR-2.27%
ETH0.10%
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CoinNetwork
Crypto news from CoinWorld: Bitmine’s holdings of Ethereum have reached 5.77 million coins, accounting for about 4.8% of total supply. At the same time, its total holdings of crypto assets, cash, and securities have risen to $11.3B.
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