BitMine’s Ethereum Power Play: They Now Control 3% of All Circulating ETH

BitMine just flexed its crypto muscles—grabbing nearly 3% of Ethereum's entire supply. That's not a typo. Three. Percent.

Why it matters: When a single player hoards this much ETH, markets notice. Liquidity gets tighter. Whales get restless. And yes—your gas fees probably spike again.

The cynical take: Another 'decentralized' asset controlled by a handful of bagholders. But hey, at least they're not a bank... right?

Aggressive Accumulation Strategy Despite Unrealized Losses

The company’s latest purchase represents afrom the previous week, reflecting an ongoing accumulation strategy despite volatile conditions in the crypto market.

Analyst estimates suggest BitMine’s, meaning the firm currently faces or about  based on current market prices.

While these figures were not included in BitMine’s official statement, analysts note that the discrepancy between the average purchase price and current value may place.

Still, the company’s continued buying spree signals. BitMine’s approach mirrors that of major institutions that built substantial Bitcoin reserves in prior market cycles.

Institutional Strategy and Market Implications

BitMine maintains significant liquidity alongside its crypto portfolio, allowing flexibility to.

Financial analysts interpret the MOVE as part of a broader trend of institutional capital returning to Ethereum ahead of anticipated network upgrades and the expansion of tokenized assets.

With this position, BitMine Immersion Technologies joins a small group of entities , including major crypto funds and blockchain infrastructure firms , that collectively hold a meaningful share of the Ethereum supply.

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