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Bitmine Extends Ether Buying Streak to 65 Weeks, Now Holds 4.9% of Supply

Bitmine Extends Ether Buying Streak to 65 Weeks, Now Holds 4.9% of Supply
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. We'll do that. Now the meta: description 150-160 chars. Keywords: bitmine, ethereum, ether, accumulation, paper losses, etc. Focus keyword: "Bitmine Ether buying streak" or something. We'll write the JSON. Let's craft the title: "Bitmine Extends Ether Buying Streak to 65 Weeks, Now Holds 4.9% of Supply" - that's good. Slug: bitmine-ether-buying-streak-65-weeks-4-9-percent-supply Subtitle: "The company added 53,500 ETH this week despite $5.1 billion in paper losses." Content: We'll write the HTML. We need to ensure the word count is 450-700. We'll aim for ~500. Let's write the content:

Bitmine added 53,500 ETH to its holdings this week, extending a weekly buying streak that now spans 65 consecutive weeks. The company's total position has grown to 4.9% of all Ether in circulation, a stake that has come with a heavy price tag.

The 65-week streak

Bitmine has bought Ether every week for more than a year. The purchases have continued through a prolonged downturn in the crypto market, a period when many institutional buyers pulled back. The company has not wavered.

Paper losses top $5 billion

The buying hasn't been cheap. Bitmine is now sitting on roughly $5.1 billion in paper losses, meaning the market value of its Ether is that much below what it paid. That's a large unrealized loss for a single position, but the company has kept buying.

A 4.9% share of supply

With 4.9% of all Ether, Bitmine is one of the largest known holders of the cryptocurrency. That level of concentration is rare for a single entity. The company's continued accumulation means its influence over the network's supply is growing.

The streak is now 65 weeks. Whether it reaches 66 is up to Bitmine, which has not signaled any change in its approach.