Blockchain
Why BitMine Is Accumulating Ether as ETFs See Outflows
[ad_1]
Key takeaways
-
BitMine says it holds 3,864,951 ETH after adding 138,452 ETH in a week, describing its treasury as representing more than 3.2% of the ETH supply.
-
The accumulation is happening alongside risk-off signals, including notable spot Ether ETF outflow days and a reported spike in net outflows to Binance.
-
BitMine frames the strategy as both catalyst-driven (the Fusaka upgrade) and operational, pointing to staking via its planned MAVAN initiative in early 2026.
-
Interpretations differ, with some viewing the move as conviction-style positioning and…
[ad_2]
Source link