Bitmine's accumulation game is hitting a new gear—96,798 ETH flowing in weekly. At this pace? They're looking at 5% of total supply locked down by Q2. Here's the kicker: ETH/BTC is sitting at a measly 0.035 right now, way below the 0.06-0.08 zone we've seen historically. That's not just a dip—that's a setup.

They're staking a $12 billion position, pulling 3-4% yields while waiting for the ratio to snap back to mean. Every ETH they stake? It's not just sitting there. It's compounding. More stake, more rewards, bigger position. Rinse and repeat.

And they're not alone anymore. Other mining operations are catching on, starting to mirror this playbook. When the ratio corrects—and it usually does—those who stacked heavy during the discount window are gonna be sitting pretty. Smart accumulation meets patient capital. That's the bet.