BitMine Immersion Now Controls Over 2% of Ethereum’s Total Supply - A Colossal Stake

One company just cornered a massive slice of the Ethereum pie.

THE HOLDING THAT'S SHAKING CRYPTO

BitMine Immersion's staggering accumulation represents a concentration of power rarely seen in decentralized networks. Grabbing over 2% of ETH supply doesn't just make waves—it creates a tidal wave across DeFi markets.

WHAT THIS MEANS FOR THE NETWORK

Such dominance triggers legitimate questions about centralization risks. While traditional finance would celebrate this as 'strategic positioning,' crypto purists see red flags waving. The move reshapes staking dynamics and potentially alters governance outcomes.

MARKETS REACT TO THE POWER PLAY

Traders scramble to price in the implications. Liquidity shifts as whales reposition around this new gravitational center. The accumulation didn't happen overnight—but the market's realization certainly did.

Because nothing says 'decentralized future' like a single entity controlling what would be considered a monopoly position in any other asset class. Wall Street would be proud.

BitMine Immersion announced it acquired an additional 264,378 ETH, bringing its total holdings to 2,416,000 tokens, over 2% of Ethereum’s total supply. The company’s combined crypto and cash reserves now stand at $11.4 billion. As one of the largest institutional ETH holders, BitMine is aiming to increase its stake further. This growing treasury highlights its commitment to long-term crypto investment and expanding influence in the ethereum network.