The Alchemy of Five Percent: Inside Bitmine’s Massive Bid to Monopolize Ethereum Liquidity

The institutional landscape of digital treasuries has reached a historic inflection point as Bitmine (BMNR) officially scales its Ethereum holdings to a staggering 4.066 million ETH. This strategic "stash" now represents 3.37 percent of the total circulating supply, cementing the firm’s position as the world’s largest corporate Ethereum treasury. As of December 22, 2025, Bitmine’s diversified vault has reached a valuation of 13.2 billion dollars, encompassing significant cash reserves, Bitcoin, and strategic NASDAQ-listed "moonshots".

For market strategists, the true catalyst lies in "The Alchemy of 5%," a campaign to acquire one-twentieth of all existing Ethereum. Visually, the corporate balance sheet reflects an aggressive pivot toward yield-bearing infrastructure, specifically the upcoming MAVAN staking network. Projected to launch in 2026, this US-built ecosystem is engineered to generate roughly one million dollars in daily revenue. Under the chairmanship of Tom Lee, Bitmine is effectively transitioning from a passive holder to a dominant validator, fundamentally altering the supply-side dynamics of the second-largest blockchain. $ETH