Bitmine (BMNR) now holds 𝟱.𝟵𝟴𝗠 𝗘𝗧𝗛 — roughly 4.9% of total ETH supply — after acquiring 27,562 ETH in the past week, making it the largest Ethereum treasury company by holdings. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The structural signal is staking: 5.07M ETH (84.7% of holdings) is staked, removing $𝟭𝟯.𝟲𝗕 from liquid circulation. One entity controlling nearly 5% of supply and locking most of it is a meaningful float reduction. As Bitmine nears its 5% target, marginal buying slows but staked supply stays locked — net bullish for ETH scarcity. At $2,688/ETH, with 4.9% of supply concentrated in one treasury and 84.7% of it staked, ETH's effective float is tighter than spot volume suggests — demand shocks hit a thinner tradeable supply. https://www.prnewswire.com/in/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-98-million-tokens-and-total-crypto-and-total-cash-holdings-of-17-1-billion-302884432.html Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2652