๐จ ONE COMPANY NOW HOLDS ALMOST 5% OF ALL ETH. ๐
Bitmine just crossed a HUGE milestone.
๐ฆ 6,001,302 ETH now in its treasury
๐ฐ Worth roughly $16.1B
๐ More than 4.9% of Ethereumโs circulating supply
๐ฏ Only ~2% away from its 5% target
And they just bought another 17,362 ETH last week. ๐ฅ
What makes this interesting?
Bitmine isnโt simply holding ETH.
More than 5 million ETH is already staked, turning a massive treasury into an active Ethereum position.
The bigger question is:
Why are institutions accumulating ETH at this scale? ๐
Is Ethereum becoming the next major institutional treasury asset?
#Ethereum #ETH #Bitmine #crypto #BinanceSquare
Bitmine just crossed a HUGE milestone.
๐ฆ 6,001,302 ETH now in its treasury
๐ฐ Worth roughly $16.1B
๐ More than 4.9% of Ethereumโs circulating supply
๐ฏ Only ~2% away from its 5% target
And they just bought another 17,362 ETH last week. ๐ฅ
What makes this interesting?
Bitmine isnโt simply holding ETH.
More than 5 million ETH is already staked, turning a massive treasury into an active Ethereum position.
The bigger question is:
Why are institutions accumulating ETH at this scale? ๐
Is Ethereum becoming the next major institutional treasury asset?
#Ethereum #ETH #Bitmine #crypto #BinanceSquare
