BitMine has aggressively bought ETH, totaling 5.74 million coins. I believe this is institutional-level ETH hoarding.



I believe BitMine has increased its ETH holdings to 4.8% of the total supply, already surpassing most foundations and institutions. This isn’t hype—it’s a real, long-term allocation.

Based on this: they have added another 42,000 coins recently, bringing total holdings to 5,742,237 coins. Of this, 4.87 million are staked, with an expected annualized return of $235 million. This proportion is even higher than what many Ethereum foundations hold themselves.

Details: a one-time increase of 42,000 coins is not a small amount. Using the current price, it comes out to a buy in the range of $70–$80 million. The strategy is identical to Strategy’s BTC hoarding.

What you should learn after reading this: institutions buy ETH not to double in the short term, but for long-term staking yield + ecosystem influence. If retail investors want to follow the institutional route, they should focus on targets with high staking rates and clear increases in institutional holdings, rather than chasing trending topics every day. $ETH
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