$ETH BITMINE ACCUMULATES 71K ETH IN A WEEK, HOLDINGS TOP $10B
Bitmine added 71,252 ETH worth $153M last week, accelerating its Ethereum accumulation. The firm now holds over 4.8 million ETH.
Total holdings stand at 4,803,334 ETH, valued around $10.34B at current prices. A significant portion, 3,334,637 ETH or roughly $7.18B, is already deployed in staking.
This places Bitmine among the largest institutional ETH holders globally. The scale is notable, representing close to 4% of total ETH supply, signaling aggressive long-term positioning.
The company continues increasing its buy pace for four consecutive weeks. At the same time, staking yield is turning ETH holdings into a consistent revenue stream, estimated in the hundreds of millions annually.
As institutions double down on Ethereum, is ETH quietly becoming the dominant treasury asset of this cycle?