2026-01-13 19:41:05

Mining firm Bitmine's leadership is moving forward with plans to expand its cryptocurrency holdings, seeking stakeholder backing for a strategic push toward holding 5% of Ethereum's total supply. The company has already accumulated 4.17 million ETH tokens, currently valued at approximately $13 billion. This significant position reflects growing institutional appetite for major blockchain assets, as firms increasingly allocate capital toward long-term Ethereum exposure. The expansion target underscores how traditional mining operations are pivoting their portfolios to capture value across multiple crypto assets beyond just mining rewards.

ETH0,03%

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BearMarketMonk

· 15h ago

Another show of "Institutional Bottom-Fishing" is here... Is Bitmine about to consume 5% of ETH supply? Wake up, we've heard this kind of rhetoric too many times. --- Spending 1.3 billion USD just to tell a story, and when the cycle reverses, you'll see what "survivor bias" really means. --- The inevitable financialization of miners is nothing more than them hoarding coins when they can no longer mine. History always repeats itself. --- A 5% promise is just for show; the real bottom logic is when they start quietly reducing their holdings. --- Institutionalization = the last frenzy before the bubble bursts, I believe that. --- Traditional mining shifting to asset allocation... sounds good, but in reality, it's just a casino changing its gameplay.

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