The company’s Ethereum accumulation pace fell to roughly one-quarter of the prior week, while its holdings rose to 4.3% of the cryptocurrency’s supply.
BitMine sharply reduced the pace of its Ethereum purchases last week to about one-quarter of the previous week’s rate. Even with the slowdown, the company’s Ethereum holdings reached 5.2 million ETH, equal to 4.3% of the token’s supply. The figures indicate BitMine remains a large holder of Ethereum despite moderating its recent buying activity.