According to @EmberCN, Bitmine purchased 54,000 ETH last week (about $180 million), bringing its reported holdings to 3.56 million ETH (about $11.27 billion), nearing 3% of total ETH supply; source: @EmberCN on X, Nov 17, 2025, x.com/BitMNR/status/1990431998259736783. The reported blended cost basis is $4,009 per ETH, implying an unrealized loss of roughly $2.98 billion (-21%); source: @EmberCN on X, Nov 17, 2025, x.com/BitMNR/status/1990431998259736783. For trading context, the concentration near 3% of supply and the $4,009 cost basis set notable on-chain reference levels that participants may monitor for liquidity and positioning signals; basis and concentration figures source: @EmberCN on X, Nov 17, 2025, x.com/BitMNR/status/1990431998259736783.