Is this truly a genius strategy or the biggest bag-holder in history? BitMine has once again pledged 109,500 ETH, worth approximately $344 million. This is already their Nth large purchase. Currently, they hold 4.1435 million ETH, accounting for 3.43% of the global supply, with a target still at 5%. But I looked through the data and found a problem that everyone has overlooked. According to the valuation basis at the time of BitMine's disclosure (approximately