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Analysis: BitMine has slowed down its accumulation of ETH for two consecutive weeks, and it may be difficult to accumulate 5% of ETH in the first half of next year.
Odaily News Encryption KOL AB Kuai.Dong posted on the X platform stating that the Ethereum “microstrategy” company BMNR has just released data indicating that it increased its holdings by 82,000 ETH last week, far below the weekly accumulation rates of 179,000 and 202,000 ETH at the beginning of October, significantly lower than market expectations. This marks the second consecutive week that BMNR has been in a reduced buying state. The company plans to accumulate 5% of ETH, and due to the slowdown in purchases, this expectation is difficult to achieve in the first half of next year.