BitMine accumulates 17,362 ETH in one week, raising total holdings to 6M ETH (4.9% of Ethereum supply) with 84% staked.
Macro & Markets ·
BitMine acquired 17,362 ETH during the past week, pushing its total Ethereum holdings to 6,001,302 as of September 27. The stake now comprises roughly 4.9% of Ethereum's 122.1 million ETH circulating supply, placing the firm within reach of its publicly stated objective to accumulate 5% of all ETH in existence.
The entity has committed 5,067,309 ETH to staking, representing approximately 84% of its portfolio. BitMine's combined assets across crypto, cash, marketable securities and other investments total $17.2 billion. The weekly purchase rate reflects a sustained buying pattern aimed at reaching the 5% ownership threshold.
It remains unclear whether BitMine intends to maintain its current acquisition pace or adjust its strategy once it reaches its stated 5% target. The broader market implications of a single entity controlling such a concentration of Ethereum's staked supply have not been detailed in available reporting.