BitMine accumulated 12,532 ETH in one week and now holds 6.03M ETH (4.9% of Ethereum supply), nearing its 5% target with buying largely complete.
Macro & Markets ·
BitMine acquired 12,532 ETH over the past week, expanding its total holdings to approximately 6.03 million ETH, representing roughly 4.9% of Ethereum's current 122.1 million token supply. The company stated it has reached 99% of its 5% accumulation target, with 5.07 million ETH among those holdings now staked for validation.
Management disclosed that BitMine is "largely finished buying ETH," signaling that the pace of future acquisitions may decline as the company nears its stated goal. This milestone reflects a deliberate accumulation strategy executed over an extended period.
What remains unclear is the exact timeline for completing the final 1% of the target and whether BitMine will maintain its current staking position or adjust its validator participation once the accumulation phase concludes.