71k ETH in a single week while ETH investment products bled $222M in outflows — Bitmine is the only bid at this scale. 3.1M of their 4.73M stack is already staked, pulling ~2.6% of total ETH supply out of circulation while generating $177M/yr in yield that funds further accumulation. They're 78% of the way to 5% of all ETH, and once MAVAN goes live they become the largest holder AND a major validator — a level of single-entity network influence ETH has never had to deal with.

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