Prices are falling, but the buying hasn’t stopped
Bitmine bought another 5,000 ETH early this morning
Worth about $11.37 million
Just last week, it bought 8,573
It now holds a total of 6.065 million
About 4.9% of Ethereum’s total supply
Just 0.1% short of its self-imposed 5% target
Of that, 5.227 million have been staked
About 86% of its holdings
ETH is currently around $2,250
Down about 1% over 24 hours
Down about 16% over 30 days
While prices keep heading lower,
it keeps buying like clockwork every week
Retail investors are calculating how many percentage points they’re down today
It’s calculating how many rivals will be left five years from now
This kind of buying isn’t a bet on whether prices will rise tomorrow
It’s a bet on whether Ethereum will still be in the game
Just my personal opinion; not investment advice
#Bitmine #以太坊 $ETH