🐋 Bitmine continues to accumulate ETH at a scale of $75 million.
The company has just announced a further purchase of 27.562 ETH, bringing the total Ethereum in its treasury to about 5,979 million ETH — equivalent to more than 4.9% of the circulating ETH supply.
1️⃣ NEWS — BITMINE CONTINUES TO ACCUMULATE ETH
💰 Buy more: 27.562 ETH (~$75M)
💎 Total treasury: ~5,979M ETH
📊 Circulating supply: ~122.1M ETH
A notable figure: Bitmine has already controlled an amount of ETH equivalent to nearly 1/20 of the circulating supply.
2️⃣ WHY NOW? — NOT JUST HOLDING, BUT ALSO STAKING
As of 20/09, Bitmine said:
🔒 5,067,309 ETH are being staked
This makes Bitmine’s ETH Treasury strategy more noteworthy than simply buying and holding.
The company may benefit from ETH price volatility while also generating additional revenue from staking.
3️⃣ MONEY FLOW — IS THE ETH TREASURY BECOMING A NARRATIVE?
In the three months ending May 31, Bitmine reported:
💰 $45.7 million in staking income
Thus, the model is taking shape quite clearly:
Buy ETH → long-term accumulation → staking → create more yield.
🐋 This could continue to be a narrative worth watching as more and more institutions put ETH into their treasuries.
4️⃣ MARKET IMPACT — 4.9% OF THE SUPPLY IS NOT A SMALL FIGURE
If Bitmine continues to buy more ETH, the market will need to track two factors:
📈 Long-term demand source from the treasury
🔒 The amount of ETH put into staking
The more ETH that is accumulated and staked, the amount of ETH that is actually available to trade on the market may change.
6️⃣ 1-SENTENCE CONCLUSION
“Bitmine has increased the treasury to nearly 5,979M ETH, equivalent to more than 4.9% of the circulating supply; if the accumulation and staking pace continues to grow, the ETH Treasury could become an increasingly notable narrative.”
🔥 BITMINE ETH
🐋 Buying more: 27,562 ETH
💰 Value: ~75M$
💎 Treasury: ~5,979M ETH
🔒 Staking: 5,067M ETH
💵 Staking income: 45.7M
