Bitmine could surpass its stated goal of controlling 5% of Ethereum’s supply without making additional ETH purchases, according to a two-year model cited by CryptoSlate. The outcome would depend on how much of its rewards the company retains and on the pace of Ethereum’s supply growth. With ETH supply remaining flat, the model requires Bitmine to retain about 74% of rewards over the two-year period to reach the target. If Ethereum’s supply grows by 0.5% annually, the required retention rate rises substantially to 96.5%. The figures highlight how network supply dynamics can affect the scale of accumulation needed to achieve a fixed ownership percentage. The analysis does not indicate that Bitmine has reached the target or that the company has adopted these retention rates; it presents the levels required under the stated assumptions.
