Bitmine has added $68 million worth of Ethereum to its holdings, bringing the company closer to its stated objective of owning 5% of Ethereum’s total supply. The purchase takes its holdings near 6 million ETH, according to Decrypt. Most of Bitmine’s Ethereum is earning staking rewards, giving the company exposure to returns generated through the network’s staking mechanism alongside its large ETH position. The acquisition highlights Bitmine’s continued accumulation of Ethereum as it works toward its supply-ownership target. The report did not provide further details on the timing or transaction terms. Ethereum remains the primary market asset affected by the update, while the scale of the purchase makes Bitmine’s holdings a notable factor for investors tracking institutional or corporate ETH accumulation.
