Bitmine now controls 4.9% of Ethereum supply after adding 53.5K ETH

Crypto Insight Summary: Bitmine has bought Ether for 65 consecutive weeks, maintaining its accumulation strategy through a prolonged crypto downturn and $5.1 billion in paper losses. Crypto Insight Analysis: Direction: Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Large institutional accumulation signals long-term confidence in ETH.