#GateSquareMayTradingShare


Mastering 5.21 Million ETH, Bitmine Moves Closer to Alchemy Target

Bitmine announces that their total crypto asset and cash holdings have now surpassed $13.4 billion. According to an official release on Monday (5/11), Bitmine has secured 5.21 million ETH, accounting for 4.31% of the total global supply. This massive accumulation action effectively makes the ETH supply in the market disinflationary because the assets are being withdrawn from circulation for long-term investment.
​Although they have added more than 1 million ETH since early 2026, Bitmine has now decided to start slowing down their weekly accumulation rate. Bitmine Chairman, Tom Lee, revealed that the company will begin reducing their purchase speed from the initial target of 100,000 ETH per week. This slowdown is due to the predicted achievement of a 5% ownership target of the global ETH supply, which is expected to be reached earlier, by mid-July, surpassing the initial estimate set for the end of 2026.
​Bitmine's current strategy shifts toward optimizing assets through staking schemes. A total of 4.7 million ETH has been locked through the MAVAN platform, projected to generate an annual income of $352 million. As the largest ETH treasury in the world, Bitmine continues to strengthen its fundamentals as the main gateway for institutions seeking exposure to the Ethereum ecosystem and advancements in agentic AI technology.
ETH-0.79%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
MrFlower_XingChen
· 58m ago
I impressed your explanation
Reply0
MasterChuTheOldDemonMasterChu
· 1h ago
Chong Chong GT 🚀
View OriginalReply0
MasterChuTheOldDemonMasterChu
· 1h ago
Buy the dip 😎
View OriginalReply0
MasterChuTheOldDemonMasterChu
· 1h ago
Just charge forward 👊
View OriginalReply0
HighAmbition
· 1h ago
thnx for sharing information
Reply0
  • Pin