Bitmine recently purchased an additional 27801 iPats, bringing its total holdings to over 5.77 million. Tom Lee, chairman of the company, said that Robinwood Chain would be a new engine for adoption in the Tai Chi.
According to a press release from Bitmine, the company has purchased 27801 IxFs over the past week and currently holds 577038, with a total circulation of approximately 120.7 million IxFs, with Bitmine holding approximately 4.8 per cent. Lee reiterated that the company expected to have 5 per cent of its total supply by the end of the year, continuing its cumulative strategy in 2026.
Recent purchases have kept Bitmine cumulative. Last week, Arkham Intelligence, the block chain intelligence platform, tracked the purchase of another 40,000 ethods worth about $70 million through two wallet addresses linked to FalconX and Kraken ' s hot wallets. Although the company did not publicly confirm the purchase, it continued to issue weekly updates detailing the increase in the Etherwood bank.
DropsTab, the market data provider, has estimated that Bitmine still faces an unrealized loss of approximately $9.2 billion based on current market prices. Despite this, the company did not slow down its purchase, after having acquired another 42,197 Ethers between 29 June and 3 July.
Lee states that Robinwood Chain will use the Taifeng as the original gas-based currency, and that the transaction costs will be denominated in the Taifeng and eventually settled on the Taifeng. Twenty-seven million users of Robinhod are paying for encryption at the rate of the Taifung, which means that ordinary users begin to view the Taifung as a currency. Lee added that the turnover of Robinhod Chain had exceeded US$ 1 billion and that the volume of transactions processed exceeded that of any decentrized exchange, showing a convergence with the strong market of the Ethern.
Recent market reports also indicate that the network has reached 7.6 million days of trading, exceeding the daily activity of Base. Although Bitmine reiterates its aggressive and cumulative strategy, it continues to move towards the target of 5 per cent control over the supply of the Taifang.