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Bitmine Doubles Down on Ethereum | Bitcoin and Crypto News
Description
Bitmine is aggressively building its Ethereum stake, now perilously close to the 5% ownership target it’s chasing — despite sitting on $8 billion in unrealized losses. Since launching its buy program in June 2025, the company has kept up weekly purchases through market turbulence. Meanwhile, its staking operations — holding over 5 million ETH worth $9.6 billion — continue generating a steady $287 million annual yield, powering its resilience and long-term bet on Ethereum’s future.
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