$ETH ETH SUPPLY SHOCK: BITMINE IS 66% DONE BUYING 5% OF ALL ETH 🚨
This one is flying under the radar — but it shouldn’t. Bitmine Immersion Tech has now completed ~66% of its plan to acquire 5% of the entire ETH supply, and the pace is accelerating.
According to the latest update, Bitmine’s ETH reserves sit near 3.97M ETH (~$11.8B), already representing over 3.2% of total supply. This isn’t passive exposure — it’s strategic accumulation at scale, backed by strong balance sheet metrics and aggressive execution.
Think about the implication: a single entity steadily removing liquid ETH from the market, while staking, ETFs, and long-term holders already constrain float. That’s not a narrative trade — that’s structural supply compression.
If this trajectory continues, ETH’s available liquidity could tighten faster than most expect.
The question isn’t if this matters — It’s when the market fully prices it in.
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