BitMine's $ETH holdings have already reached about 6 million ETH, accounting for roughly 4.9% of Ethereum's circulating supply. Of this, more than 5 million ETH have been staked, and the company continues to accumulate more every week.
What the market is discussing now is no longer:
“Will ETH go up?”
but rather:
“If more and more listed companies treat ETH as a treasury asset, will ETH eventually show a treasury-effect similar to what Strategy has done for BTC?”
ETH watch: around 2700 is the current price observation zone. What the market truly wants to see is whether capital can continue to rally around the ETH-treasury narrative.
Outlook: The institutional “buy and hold” logic is relatively strong, but the concentration of holdings itself also brings new market-structure risks.
#Bitmine #Ethereum #ETH
What the market is discussing now is no longer:
“Will ETH go up?”
but rather:
“If more and more listed companies treat ETH as a treasury asset, will ETH eventually show a treasury-effect similar to what Strategy has done for BTC?”
ETH watch: around 2700 is the current price observation zone. What the market truly wants to see is whether capital can continue to rally around the ETH-treasury narrative.
Outlook: The institutional “buy and hold” logic is relatively strong, but the concentration of holdings itself also brings new market-structure risks.
#Bitmine #Ethereum #ETH
