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Bitmine Once Again Increases its ETH Holdings by 27,256 Coins, Worth $104 Million

BlockBeats News, October 11th, according to LookIntoChain monitoring, Ethereum's first-position institutional investor Bitmine once again increased its holdings by 27,256 ETH, worth $104 million.


BitMine's Chairman stated earlier today that today's dip is a good shakeout, and a pullback is a buying opportunity.

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Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.
The ebb of the top three buyers, BitMine bears the brunt of ETH selling pressure alone. With a floating loss of 3 billion, it is the ultimate gamble about "buying the dip" and "catching the falling knife."
Since the end of June, BMNR's stock price has risen by over 1300%; meanwhile, ETH is approaching a new all-time high.
2025's Peter Thiel is no longer satisfied with being a passive hodler.
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