🚨 BITMINE NOW HOLDS 4.95% OF ETHEREUM SUPPLY — JUST 0.05% FROM ITS GOAL! 👀
Big money is continuing to accumulate Ethereum, and Bitmine’s latest update puts its growing treasury in the spotlight. 🐋
According to the company’s October 26 announcement, Bitmine added another 10,452 ETH over the past week. Its total holdings have now reached more than 6.05 million ETH.
📊 Here’s what stands out:
🔹 New ETH purchased: 10,452 ETH
🔹 Total ETH holdings: 6,051,933 ETH
🔹 Share of ETH supply: 4.95%
🔹 ETH staked: 5,227,037 ETH
🔹 Reported ETH treasury value: Approximately $14.26 billion
💡 Why does this matter?
Bitmine is getting closer to its long-term goal of holding 5% of Ethereum’s supply. Meanwhile, staking a large portion of its treasury gives the company potential staking rewards, although returns can change with yields and market conditions.
⚠️ The bigger picture: Large corporate ETH holdings are worth watching, but they don’t automatically guarantee a supply squeeze or an ETH price breakout. Market demand, ETF flows and broader sentiment still matter.
🔥 My Take: Bitmine’s continued accumulation is a notable development for Ethereum watchers. The key question is whether this institutional demand will translate into stronger market momentum.
👇 Your opinion: Can ETH benefit from this accumulation, or is the market already pricing it in?
#Ethereum #ETH #BMNR #CryptoNews
Big money is continuing to accumulate Ethereum, and Bitmine’s latest update puts its growing treasury in the spotlight. 🐋
According to the company’s October 26 announcement, Bitmine added another 10,452 ETH over the past week. Its total holdings have now reached more than 6.05 million ETH.
📊 Here’s what stands out:
🔹 New ETH purchased: 10,452 ETH
🔹 Total ETH holdings: 6,051,933 ETH
🔹 Share of ETH supply: 4.95%
🔹 ETH staked: 5,227,037 ETH
🔹 Reported ETH treasury value: Approximately $14.26 billion
💡 Why does this matter?
Bitmine is getting closer to its long-term goal of holding 5% of Ethereum’s supply. Meanwhile, staking a large portion of its treasury gives the company potential staking rewards, although returns can change with yields and market conditions.
⚠️ The bigger picture: Large corporate ETH holdings are worth watching, but they don’t automatically guarantee a supply squeeze or an ETH price breakout. Market demand, ETF flows and broader sentiment still matter.
🔥 My Take: Bitmine’s continued accumulation is a notable development for Ethereum watchers. The key question is whether this institutional demand will translate into stronger market momentum.
👇 Your opinion: Can ETH benefit from this accumulation, or is the market already pricing it in?
#Ethereum #ETH #BMNR #CryptoNews
