BitMine continues to increase its Ethereum holdings.
The company bought another 27,562 $ETH last week, bringing its total holdings to approximately 5.98 million ETH.
That puts BitMine among the largest corporate holders of Ethereum, with its holdings representing roughly 4.9% of ETH’s circulating supply.
The scale of the position is notable and highlights how aggressively some institutions are building long-term exposure to Ethereum.
The key question now is how this growing institutional accumulation could affect the broader ETH market over time.
DYOR. NFA.
The company bought another 27,562 $ETH last week, bringing its total holdings to approximately 5.98 million ETH.
That puts BitMine among the largest corporate holders of Ethereum, with its holdings representing roughly 4.9% of ETH’s circulating supply.
The scale of the position is notable and highlights how aggressively some institutions are building long-term exposure to Ethereum.
The key question now is how this growing institutional accumulation could affect the broader ETH market over time.
DYOR. NFA.
