Bitmine Continues to Snap Up Ethereum: An Additional 27,562 ETH in One Week
The company purchased 27,562 ETH over the past week, bringing its total holdings to 5,983,940 ETH
Approximately 4.9% of the total supply of 5, 067,309 ETH of which is staked
Its total assets in crypto, cash, and investments amount to approximately $17.1 billion
And here’s a detail worth noting: this isn’t a one-time purchase. Bitmine says it has been buying ETH every week since June 30, 2025
And now it is only about 0. 1 percentage point from its goal of owning 5% of Ethereum
The question that begs to be asked
What will happen when Bitmine actually reaches 5% of the total $ETH
The company purchased 27,562 ETH over the past week, bringing its total holdings to 5,983,940 ETH
Approximately 4.9% of the total supply of 5, 067,309 ETH of which is staked
Its total assets in crypto, cash, and investments amount to approximately $17.1 billion
And here’s a detail worth noting: this isn’t a one-time purchase. Bitmine says it has been buying ETH every week since June 30, 2025
And now it is only about 0. 1 percentage point from its goal of owning 5% of Ethereum
The question that begs to be asked
What will happen when Bitmine actually reaches 5% of the total $ETH
