Bitmine nears 5% of Ethereum supply after buying 28,086 ETH
60-second summary
Bitmine purchases 28,086 ETH, raising its treasury to 5.93 million tokens valued at $14.8 billion, which now equals roughly 4.9% of Ethereum’s total supply. The firm’s rapid accumulation signals strong confidence in ETH’s long‑term upside, while the sizable holding could influence market liquidity and price dynamics as investors watch institutional concentration grow.
Bitmine bought 28,086 ETH, boosting its treasury to 5.93 million tokens worth $14.8 billion and representing 4.9% of Ethereum’s total supply.