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

AI Summary 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. fulltext: 190 chars | fulltext source: rss-fallback | summary method: extractive Original: https://cointelegraph.com/news/bitmine-ethereum-supply-5-82-million-eth-staking?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound Source: CoinTelegraph