🚨 BitMine’s $ETH treasury is getting closer to its 5% target.
BitMine reportedly holds 5.96 million ETH, representing around 4.9% of Ethereum’s total 122 million-token supply. According to the figures provided, the company says this puts it about 98% of the way toward its 5% target.
At the reported $ETH price of $2,513, the holdings are worth roughly $15 billion. That makes BitMine’s accumulation a major development to watch, especially as institutional exposure to Ethereum continues to attract attention.
My take: if BitMine keeps accumulating, its treasury strategy could remain an important narrative for $ETH . But the market still needs to watch price action and broader demand.
Could this accumulation become a bigger catalyst for $ETH? 👀
#Ethereum #ETH #FedRateWatch #ZcashRises6% #XRPSinks10%
BitMine reportedly holds 5.96 million ETH, representing around 4.9% of Ethereum’s total 122 million-token supply. According to the figures provided, the company says this puts it about 98% of the way toward its 5% target.
At the reported $ETH price of $2,513, the holdings are worth roughly $15 billion. That makes BitMine’s accumulation a major development to watch, especially as institutional exposure to Ethereum continues to attract attention.
My take: if BitMine keeps accumulating, its treasury strategy could remain an important narrative for $ETH . But the market still needs to watch price action and broader demand.
Could this accumulation become a bigger catalyst for $ETH? 👀
#Ethereum #ETH #FedRateWatch #ZcashRises6% #XRPSinks10%
