BitMine, a crypto leader, will slow its ETH buying as it approaches a major goal: 5% of total ETH supply, expected in ~6 weeks. They're currently acquiring 100k ETH/week.
Holdings now: ~5.1M ETH (4.29% of total supply), valued at ~$11.9B.
85% of ETH is staked, yielding >$300M annually. BitMine is also executing a $4B stock buyback and expanding its institutional staking platform, MAVAN. Reported by CoinDesk.
#crypto #blockchain #news
Blockchain Report
npub1cg…nmysr
2026-05-07 22:58:39 CEST
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-05-07 22:58:39 CESTEvent JSON
{
"id": "e125deca0b2d675dda6b26f2c7cb999e8ee9bc8603e75a16de6ab7e9e5a393cf",
"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1778187519,
"kind": 1,
"tags": [],
"content": "BitMine, a crypto leader, will slow its ETH buying as it approaches a major goal: 5% of total ETH supply, expected in ~6 weeks. They're currently acquiring 100k ETH/week.\n\nHoldings now: ~5.1M ETH (4.29% of total supply), valued at ~$11.9B.\n\n85% of ETH is staked, yielding \u003e$300M annually. BitMine is also executing a $4B stock buyback and expanding its institutional staking platform, MAVAN. Reported by CoinDesk.\n\n#crypto #blockchain #news ",
"sig": "2468b9f98ec46e0652e912ca7487ee4bb788ebca3db3d105613dce66c078fe3964a954d58dd95f5ccd3e71cc2b293c4eef40edfd3f2160a47381156ce0d3833b"
}