$ETH SHOCKING: BITMINE NOW CONTROLS OVER 4% OF ALL ETHEREUM
Bitmine is quietly becoming one of the biggest Ethereum whales on the planet. In just one week, the company added another 71,672 ETH to its treasury, pushing total holdings to a staggering 5.28 million ETH — roughly 4.37% of Ethereum’s entire circulating supply.
The scale is massive. Bitmine now holds around $12.6 billion in combined crypto and cash, with nearly 4.71 million ETH already staked and generating yield. That means one entity is not only absorbing supply at an aggressive pace, but also locking huge amounts of ETH out of circulation entirely.
This is the kind of accumulation that changes market structure. As institutional players continue stacking and staking Ethereum, traders are beginning to wonder whether a true supply shock is slowly forming behind the scenes.
If companies keep buying ETH this aggressively, the next Ethereum rally could look very different from anything we’ve seen before.
