BitMine (chaired by @fundstrat) is now 97% of the way to controlling 5% of total $ETH supply.
Added 32,447 $ETH just this week.
87% of their treasury is staked → projecting $330M+ in annualized revenue.
This is institutional accumulation at scale. When one entity controls 5% of circulating supply AND stakes it, that's supply shock territory.
Watch $ETH supply dynamics closely. Less liquid supply = more volatility on the upside.
Added 32,447 $ETH just this week.
87% of their treasury is staked → projecting $330M+ in annualized revenue.
This is institutional accumulation at scale. When one entity controls 5% of circulating supply AND stakes it, that's supply shock territory.
Watch $ETH supply dynamics closely. Less liquid supply = more volatility on the upside.