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BitMine Immersion Technologies has purchased 7,080 ETH for about $19 million, increasing its total stash to over 3.7 million ETH, representing more than 3% of Ethereum’s total supply. The company has been on a buying spree, acquiring a total of 23,773 ETH worth roughly $70 million in the past three days. They are aiming to hold 5% of Ethereum’s total supply and are also focusing on launching their staking infrastructure, the Made in America Validator Network.
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