Bitmine’s relentless Ether accumulation is paying off as the asset surges past $2,500—triggered by the US Treasury’s surprise doubling of long-term Treasury purchases to $4 billion monthly. Ether’s 32% rally since the announcement has erased most of Bitmine’s $8.4B paper losses, now down to under $5B. With over $19.5B invested and nearing 5% of total Ethereum supply, the company’s patience is proving lucrative—even amid crypto’s wild swings.
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