Bitmine Acquires 3.97 Million ETH, Nears 5% Supply Target

2025-12-20 19:45

Bitmine (BMNR) has significantly increased its Ethereum holdings, acquiring 3.97 million ETH, which represents 3.28% of the total Ethereum supply. This acquisition brings the firm 66% closer to its goal of controlling 5% of the total ETH supply. To achieve this target, Bitmine plans to purchase an additional 2.03 million ETH, utilizing both market and over-the-counter (OTC) transactions to minimize potential price volatility. The substantial accumulation by Bitmine has sparked concerns regarding governance control and the potential risks to Ethereum's decentralization. Analysts suggest that such a concentration of ETH could influence market dynamics and increase institutional sway within the Ethereum network.

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