#StrategyBuybackSurges12%

Already Controls 4.7% of Supply, Bitmine Buys Another 27,084 ETH

The world's largest Ethereum treasury company, Bitmine, continues its aggressive accumulation actions. Through an official release on Monday (June 29), Bitmine confirmed that it has purchased an additional 27,084 ETH over the past week. This latest purchase brings their total holdings to break through 5.7 million ETH tokens, effectively controlling 4.7% of the total global Ethereum supply.
This massive accumulation further solidifies Bitmine's position with a total asset portfolio breaking $9.8 billion. Bitmine Chairman Thomas Lee emphasized that this step is the company's long-term commitment.
"Over the past week, we have acquired 27,084 ETH and continue to maintain a steady accumulation pace. We believe we are in the early stages of the crypto spring, and Bitmine is projected to achieve a 5% market share target by 2026," Lee revealed.
In addition to relying on asset price appreciation, Bitmine also maximizes profits through operational mechanisms on the network. The majority of their assets, approximately 4.87 million ETH, are currently staked through the institutional platform MAVAN, which is projected to generate annual revenue of up to $211 million. This aggressive maneuver is predicted to attract massive capital flows from traditional markets, especially after Bitmine's shares were officially included in the large-cap Russell 1000 index.