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BitMine again increases holdings by 5,000 ETH, valued at approximately $11.22 million.

BlockBeats news, November 3rd, according to EmberCN monitoring, BitMine purchased 5,000 ETH through Kraken five hours ago, worth approximately $11.22 million.


Since the end of June last year, BitMine has been buying ETH almost every week, accumulating about 6.06 million ETH over the past year and a half, worth approximately $20.18 billion, with an average cost of about $3,329.

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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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