The Institutional Takeover: Bitmine’s $10 Billion Bet 💎
The era of Ethereum $ETH "retail" dominance is officially under threat. Bitmine Immersion Technologies has confirmed its position as one of the largest corporate entities in the crypto space, disclosing a massive treasury of 4.326 million ETH.
Bitmine now controls 3.58% of the entire circulating supply of Ethereum.
They are moving toward the "Alchemy of 5%"—a strategic plan to own 1 out of every 20 ETH in existence.
By staking nearly 3 million of these tokens, the firm is generating over $1 million in passive rewards every 24 hours.
This accumulation is fueled by institutional giants, including ARK Invest and Galaxy Digital, signaling that the "Big Money" is no longer just looking at Bitcoin $BTC .
While the market focuses on short-term price action, institutions are quietly absorbing the liquid supply.
When a single entity controls nearly 4% of a global network, the floor price for Ethereum moves from speculative to structural.
The accumulation isn't coming; it's already here.
