Devoured - April 21, 2026
Bitmine Nears 5% of ETH Supply Target (1 minute read)

Bitmine Nears 5% of ETH Supply Target (1 minute read)

Crypto Read original

Bitmine has accumulated over 4 million ETH, representing 4.12% of Ethereum's total supply and making it the largest corporate holder of ether.

What: Bitmine purchased another 101,627 ETH in the past week, bringing its total holdings to 4,976,485 ETH, approaching its 5% supply target and solidifying its position as the largest corporate Ethereum holder.
Why it matters: This mirrors the corporate Bitcoin treasury strategy but for Ethereum, signaling that institutions are treating ETH as a strategic reserve asset driven by staking yields and tokenization use cases, not just speculative investment.
Original article

Bitmine said it now holds 4,976,485 ETH, or 4.12% of total supply, after buying another 101,627 ETH in the past week, reinforcing its position as the largest corporate ether holder and demonstrating how treasury accumulation, staking income, and tokenization demand are strengthening the institutional case for ETH.