BitMine has acquired 3.86 million Ethereum (ETH) tokens, marking a significant milestone as it nears 5% of the total circulating supply. The accumulation underscores growing institutional interest in Ethereum and could influence market dynamics as the threshold is approached.
- BitMine holds 3.86 million ETH, representing 4.8% of Ethereum's total supply.
- The 5% threshold is a key psychological and analytical benchmark in crypto markets.
- Ethereum’s circulating supply stands at approximately 80.6 million ETH.
- Accumulation activity was detected via on-chain transaction data.
- Market watchers are monitoring potential future sell-side impact.
- ETH price has remained stable near $3,200 amidst the accumulation.
BitMine, a prominent digital asset investment entity, has reportedly acquired 3.86 million ETH in recent months, positioning it as a major holder within the Ethereum ecosystem. This amount represents approximately 4.8% of the total ETH supply, approaching the psychological 5% threshold that many market observers track as a marker of concentrated ownership. The accumulation follows a series of large on-chain transfers detected on the Ethereum blockchain, suggesting active and sustained buying activity. The movement is notable given Ethereum's circulating supply of roughly 80.6 million ETH as of late 2025. With 3.86 million ETH now in BitMine's possession, the entity holds one of the largest known single holdings of ETH, rivaling some of the largest institutional wallets. Such concentration raises questions about potential market influence, particularly if future sell orders are triggered by liquidity needs or strategic portfolio rebalancing. The timing of the accumulation coincides with broader market trends, including Ethereum’s strong performance in late 2025 and increased adoption of Ethereum-based applications. The price of ETH has remained stable around $3,200 during this period, suggesting strong underlying demand that may be supporting BitMine’s strategy. Meanwhile, Bitcoin (BTC) continues to trade in a range above $70,000, reflecting broader investor confidence in digital assets. Market participants are closely watching BitMine’s next moves, as any significant movement of these holdings could impact ETH’s price volatility. Traders, institutional investors, and crypto analysts are assessing whether this accumulation signals long-term conviction or could lead to future sell pressure. The blockchain’s transparency enables real-time monitoring, making this development a focal point for on-chain analytics and market sentiment analysis.