Overview
- BitMine, which disclosed Monday it bought 101,901 ETH last week, now holds 5,078,386 tokens equal to about 4.21% of circulating supply.
- About 3.7 million ETH are staked through MAVAN, a setup that locks coins and pays roughly $264 million a year in protocol rewards.
- The latest haul was BitMine’s biggest weekly buy so far in 2026, and it included a 10,000‑ETH over‑the‑counter purchase from the Ethereum Foundation.
- The company says it is 84% of the way to its 5% supply goal, with total assets of about $13.3 billion across ETH, 200 BTC, cash, and equity stakes.
- Analysts and traders are watching how a large, heavily staked treasury could thin liquidity, sway price discovery, and increase influence over Ethereum’s validator‑driven governance.