#ETH Bitmine made another massive move - adding 264,000 Ethereum this week.
You now own 2.42 million Ethereum (, approximately 9.72 billion dollars ). This represents nearly 2% of the total supply concentrated in one entity. 👀
The importance of this matter:
Every significant rise in the price of Ethereum throughout history has been due to the efforts of major investors in U.S. Treasury bonds.
But as the supply held by a few investors increases, the liquidity in the rest of the market decreases.
The situation appears to be rising in the short term ( shock in supply ), but the risks of focusin