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Bitmine Approaches 5% Ethereum Supply Cap to End Corporate Accumulation Campaign

Bitmine holds 6,041,481 ETH, leaving it just 63,519 ETH shy of its self-imposed 5% total supply accumulation ceiling of 6.105 million ETH. Valued between $14.29 billion and nearly $14.5 billion, the treasury position represents approximately 4.9% of Ethereum's supply. Chairman Tom Lee confirmed the firm will halt acquisitions once the 5% threshold is reached, pivoting toward yield generation as roughly 86.5% of its ETH holdings are already staked. The accumulation was completed in just over a year, far outpacing initial five-year projections.

Category

Ethereum

Sentiment

Mixed

Event

Analyst flows

Reading time

1 min