Bitmine ETH Holdings Near 5% Target, Purchases Likely to Slow

Bitmine holds 5.81M ETH, nearing its 5% supply target. Arkham analysis suggests purchase deceleration rather than cessation, with staking yields generating significant passive income.

Woofun AI data shows Bitmine, the largest Ethereum treasury entity, holds approximately 5.81 million ETH valued at nearly $11 billion. This position represents 4.8% of the total ETH supply, reaching 96% of its publicly stated 5% acquisition goal after 14 months of continuous buying. Over 5 million ETH are staked, generating an estimated annualized income of $257 million at a 2.63% yield.

Arkham analysis indicates that slowing purchases is the most probable outcome upon hitting the target, consistent with reduced acquisition pace observed this year. The company may shift focus to balance sheet management and yield optimization. Continued aggressive buying remains a secondary possibility, while a complete halt is deemed least likely, though staked holdings would continue growing via network rewards.