Hupzy (Spot On Chain)|6ๆ 08, 2026 12:52
๐ ๐๐ถ๐๐บ๐ถ๐ป๐ฒ ๐ฎ๐ฑ๐ฑ๐ ๐ญ๐ฎ๐ฒ,๐ต๐ณ๐ญ ๐๐ง๐ โ total holdings now 5.54M ETH, equal to 4.59% of circulating supply. The firm reports $9.6B in total crypto and cash, with 4.72M ETH staked and $247M in cash reserves.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: This is one of the largest single-entity ETH accumulations on record. Bitmine now functions as a structural demand pillar for ETH โ the corporate equivalent of Strategy's role in BTC. With 85% of its holdings staked, most of this supply is locked, reducing sell-side liquidity. At multi-year lows, sustained accumulation at this scale signals institutional conviction that current levels are a long-term floor. Watch Bitmine's wallet for continued buying or any reversal.
--source: https://x.com/WuBlockchain/status/2063963734435889402
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