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

According to Cointelegraph on 2026-08-17, The cited source reports that 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.. CoinBatmi is publishing this as a source-grounded briefing because the report falls within our ongoing ethereum coverage. The cited material is the basis for the facts in this update, while additional confirmation may still be needed.

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