Bitmine’s shopping-buying speed is so fast that by mid-September it will be close to the 5% threshold—ETH spot is already being bought up into a scarce asset.

According to Arkham monitoring, Bitmine purchased approximately $232.5 million worth of ETH in the past week, currently holding about $11.2 billion worth of ETH, accounting for 4.47% of the total Ethereum supply. An additional purchase of about $1.34 billion would reach 5%, and at this rate, it is expected to reach the target by mid-September. Bitmine previously stated plans to hold 5% of Ethereum's supply by the end of 2026.