Bitmine’s ether hoard reaches 5.81M—nearly 5% of supply
The treasury added 7,391 ETH in a week, with 5.07 million ETH now staked and three million shares repurchased.
What happened
Bitmine added 7,391 ETH in one week, lifting its holdings to 5,805,238 ETH, with about 5.07 million staked. It also reported a three-million-share buyback and $11.6 billion across crypto, cash, securities and other investments.
Why it matters
One company’s growing ownership of a meaningful share of ETH raises both treasury and concentration questions.
Watch next
Staking liquidity, validator concentration and whether buybacks keep pace with future share issuance.