BitMine Hits Historic 3% ETH Supply Milestone

[mendez]

BitMine has officially accumulated 3% of the total Ether supply, marking a major milestone for the fast-growing digital asset treasury. The company now holds 3.63 million ETH worth about $10.6 billion, after purchasing nearly 70,000 ETH during last week’s dip. Chairman Tom Lee called the achievement “two-thirds of the way to the Alchemy of 5%.” Institutional ownership in BitMine has also surged from 6% to 31.7% in less than two weeks, signaling rising confidence from large investors.

[Nahid Hossen]

3% of ETH supply controlled—BitMine is becoming a serious player.

[The_Walking_Dead]

That’s a massive level of control.

[Revenant]

Institutions are clearly stepping in.

[Capybara_Capybara]

ETH treasury play is getting serious.

[Abdul Khan]

That's a huge milestone, shows how fast they’re scaling.