BitMine (BMNR) now holds 𝟱.𝟴𝗠 𝗘𝗧𝗛 — 4.8% of total supply — after adding 10,399 ETH at ~$1,909 last week. The position sits 𝟰𝟱.𝟰% 𝘂𝗻𝗱𝗲𝗿𝘄𝗮𝘁𝗲𝗿 with an $8.9B unrealized loss on a $3,371 cost basis, yet the company keeps buying weekly and has staked 85% of holdings for ~$247M annualized staking revenue. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: One entity controlling nearly 5% of ETH supply is a structural force — staked supply is locked, and staking revenue self-funds continued accumulation. But the $8.9B unrealized loss is a latent risk: any pivot from buying to selling could overwhelm ETH market depth. Bullish while accumulation holds, but the position size makes BitMine a systemic ETH holder to monitor. BitMine's latest buy at $1,909 is well below its $3,371 average cost — the gap shows conviction but also deepening losses if ETH weakens further. ETH is tradeable on Hyperliquid and Aster. https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-8-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-3-billion-302840749.html Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1794(Hupzy (Spot On Chain))