🐋 A company already controls almost 5% of all Ethereum
#Ethereum | Are we seeing a new institutional race for ETH?
Bitmine has just bought another 28.086 ETH and raised its reserves to 5.93 million ETH, equivalent to approximately 4.9% of the total Ethereum supply.
But there’s an even more interesting detail: more than 5 million of those ETH are staked. The company is just one step away from meeting its goal of controlling 5% of the total supply.
This shifts the conversation around Ethereum a bit. It’s no longer only about speculating on the price of ETH: some companies are trying to turn it into a kind of strategic yield-generating asset through staking.
Are we looking at a new form of institutional accumulation? Or can too much ETH concentrated in a few hands become a risk?
#Ethereum | Are we seeing a new institutional race for ETH?
Bitmine has just bought another 28.086 ETH and raised its reserves to 5.93 million ETH, equivalent to approximately 4.9% of the total Ethereum supply.
But there’s an even more interesting detail: more than 5 million of those ETH are staked. The company is just one step away from meeting its goal of controlling 5% of the total supply.
This shifts the conversation around Ethereum a bit. It’s no longer only about speculating on the price of ETH: some companies are trying to turn it into a kind of strategic yield-generating asset through staking.
Are we looking at a new form of institutional accumulation? Or can too much ETH concentrated in a few hands become a risk?
