BITMINE IS GETTING EXTREMELY CLOSE TO A STAGGERING MILESTONE: OWNING 5% OF ETHEREUM’S ENTIRE CIRCULATING SUPPLY.
FACTS: BitMine Immersion Technologies disclosed that it added 27,562 $ETH during the latest week, bringing total holdings to 5,983,940 ETH.
That equals approximately 4.9% of Ethereum’s 122.1M circulating supply and puts BitMine about 98% of the way toward its stated 5% target.
More than 5.06M ETH is already staked, with the company estimating current annualized staking revenue around $357M.
WHY IT MATTERS: This is no longer a small corporate treasury experiment. One public company is approaching ownership of one in every 20 circulating $ETH .
INTERPRETATION: 🟢 Continued accumulation and staking remove liquid ETH from readily tradable supply. 🔴 Extreme concentration introduces treasury, financing and corporate-execution risks; company purchases do not guarantee ETH price appreciation.
