Bitmine Buys 8,573 ETH as Holdings Slip to $14.5B

The slowdown in Bitmine's buying pace matters more than the purchase itself: with holdings slipping on ether's decline and a stated 5% supply target still roughly 49,500 ETH away, the company's accumulation cadence is becoming a visible signal of how a large treasury holder behaves when its balance sheet is shrinking. The chairman's dismissal of the Binance hack suggests management wants to keep the focus on the accumulation strategy rather than exchange risk. Whether Bitmine maintains or further slows its purchase pace, and whether the gap to its supply goal keeps widening, is the open question worth watching.