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Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses

Cointelegraph· Cointelegraph by Sam Bourgi· Aug 17, 2026 · 4:04 PM
Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses

Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked ETH is projected to generate $287 million in annual rewards.

This is a summary. Read the complete story at Cointelegraph below.

Read full article at Cointelegraph

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