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Crypto

Bitmine Nears 5% ETH Ownership with $11 Billion Holdings

Guavy AI Editorial Team
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ETH
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Bitmine Immersion Technologies is edging closer to owning 5% of the total Ethereum (ETH) supply, already holding 4.8% with 5.81 million ETH tokens.

The company's impressive accumulation and strategic moves reflect its confidence in Ethereum's fundamentals, positioning Bitmine for further growth in the crypto market.

Bitmine has also staked over 5 million ETH, representing nearly $9.8 billion, and repurchased over 19 million shares under a $4 billion buyback program.

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