By Isaac • July 6, 2026 11:00 pm •
BitMine just moved closer to one of the boldest treasury targets in crypto.
The public Ethereum treasury company bought another 42,197 ETH over the past week, lifting its position to 5.74 million ETH.
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That puts BitMine at a position equal to about 4.8% of Ethereum’s circulating supply. It is a huge economic stake, but it is not control of Ethereum’s governance or protocol rules.
The market story is sharper than a simple buy-the-dip headline. BitMine is trying to make ETH accumulation, staking income, and public-equity access into a corporate Ethereum play.
NEW: @fundstrat‘s @Bitmnr acquires 42,197 $ETH, bringing total holdings to 5.74M $ETH worth $10.3B.
Now controlling 4.8% of Ethereum’s circulating supply, with 4.88M $ETH
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