BitMine accumulated 5,000 ETH (~$11.37M) from Kraken and now holds 4.9% of total ETH supply.
Macro & Markets ·
BitMine acquired 5,000 ETH valued at approximately $11.37 million sourced from Kraken, bringing its holdings to 4.9% of total ETH supply. The entity's wallet address is 0x9c5fc690A073722AbF31E186b4905553ea1b1A16.
The accumulation represents a concentrated position in Ethereum's circulating supply. At the current holding level, BitMine would need to acquire additional ETH to cross the 5% threshold.
Whether BitMine will reach 5% ownership of total ETH supply by the end of 2026 remains unclear, as the disclosed material does not indicate future acquisition plans or timelines beyond the question posed.