Is this ultimately a genius layout or the biggest bagholder in history?
#BitMine has staked another 109,500
$ETH ETH, worth approximately $344 million.
Not the first time.
Nor a small test.
But a continuous, systematic all-in on
#ETH .
As of now:
Position: 4.1435 million ETH
Percentage of global supply: 3.43%
Target: 5%
Does that sound familiar?
Yes, the narrative has automatically aligned with MicroStrategy +
#BTC .
But here’s the question—
The market only looks at “position size,” no one considers “cost range.”
The key point that is truly overlooked:
BitMine hasn't made much money
Accordi