đ Bitmine Adds $75M in ETH â Holdings Near 5% of Ethereum Supply
Bitmine continues to increase its Ethereum exposure, adding 27,562 ETH worth approximately $75 million last week.
Following the latest purchase, Bitmineâs total ETH holdings have reached around 5.98 million ETH, representing roughly 4.9% of Ethereumâs total supply.
The company is now very close to its 5% accumulation target. If its recent buying pace continues, Bitmine could potentially reach that level within the coming months.
Another factor to watch is institutional participation. Bitmine chairman Tom Lee says investors have remained relatively underexposed to crypto this year while focusing more heavily on AI stocks.
With ETH showing strong Q3 performance, increasing institutional exposure could become an important market theme as we move toward year-end.
đ Key takeaway: Bitmineâs continued ETH accumulation highlights growing institutional interest in Ethereum and keeps its 5% supply target firmly in focus.
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