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Crypto
BitMine Reportedly Accumulates 3% of Ethereum Network Supply
11/26/2025, 05:36
AI SUMMARY
●• BitMine reportedly holds over 3.6 million ETH, representing ~3% of the total supply
●• The entity added nearly 70,000 ETH to its position in the past week
●• Total crypto holdings for the firm are reported to exceed $11.8 billion
Reports indicate that BitMine has acquired a substantial stake in the Ethereum network, with holdings now reaching approximately 3.6 million ETH. According to a recent update, the entity purchased nearly 70,000 ETH this week alone at an average price of $2,840.
This accumulation represents roughly 3% of the total Ethereum supply, positioning BitMine as a major holder within the ecosystem. The reported total value of their crypto holdings, including Bitcoin and other assets, is stated to be around $11.8 billion.
Large-scale accumulation by a single entity is often viewed as a strong vote of confidence in the asset's long-term value. Observers are taking note of the scale of this acquisition relative to the total circulating supply.