Bitmine Nears 5% Ether Holding Goal with Latest Purchase

Bitmine, the largest corporate holder of Ether (ETH), has moved closer to its goal of owning 5% of the token's total supply after adding 9,946 ETH to its holdings over the past week.

The company now holds a total of 5,787,414 ETH, equivalent to 4.8% of the total supply, according to a recent announcement.

Bitmine has previously stated that it aims to hold 5% of Ethereum's total supply, and this latest purchase brings it closer to achieving that goal.