Bitmine Accumulates ~5% of Ethereum's Circulating Supply
Bitmine added another 10,452 ETH last week, bringing total holdings to 6.05 million ETH (~$14.3B), representing nearly 5% of Ethereum's circulating supply with 86% staked.
What we know
An account on X reports Bitmine's ETH accumulation continues at pace, with the company now holding a strategically significant share of Ethereum's supply. With 86% staked, Bitmine is also a major force in Ethereum's staking ecosystem. This level of institutional concentration is notable for network decentralization debates.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.