Bitmine nears 5% of Ethereum supply after buying 28,086 ETH

Crypto Insight Summary: Bitmine bought 28,086 ETH, boosting its treasury to 5.93 million tokens worth $14.8 billion and representing 4.9% of Ethereum’s total supply. Crypto Insight Analysis: Direction: Bullish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETH purchase by Bitmine increases demand and reduces circulating supply.