Post

ONE COMPANY NOW OWNS 4.95% OF ALL ETHER, AND IT'S ABOUT 58,000 ETH AWAY FROM ITS 5% TARGET 🚨


Bitmine (NYSE: BMNR) added 10,452 $ETH in the week to Oct 25, bringing its treasury to 6,051,933 ETH, worth ~$14.3B at its $2,356 reference price. Chairman Tom Lee says the company has bought Ethereum every single week since June 30, 2025, and insists a "crypto bull market is underway"
What stands out:
1. The pace is slowing: 12,535 ETH the week before, 10,452 this week. Closing the gap to 5% of 122.2M supply still takes ~58,000 ETH.
2. 5,227,037 ETH (~86%) is staked, which Bitmine projects at ~$318M a year in staking revenue.
3. It also bought back 2.04M of its own shares last week at $22.48. Buybacks this year total $399.6M
Meanwhile ETH is down ~14% since Oct 1 (2,705 → 2,318), and its daily RSI near 26 is deep in oversold territory.
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ETHETH-1.26%
BMNRBMNR-6.41%

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bash_
a minute ago
What's your reasoning? 🤔
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CrYpTo_AisHo
33 minutes ago
very nice gorgeous hmm
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GateUser-6cf30daf
34 minutes ago
Accumulation mode is enabled
0View Original
kenanfb
an hour ago
daily rsi at 26 while a single entity gobbles up nearly 5% of the supply is wild. bitmine slowing down their buying pace makes sense but they are basically setting a massive floor for eth. the drop since oct 1 looks like a textbook shakeout before the next leg up. long term staking revenue is institutional validation at its finest.
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GateUser-96fd0e0d
2 hours ago
BTC still chopping?
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GateUser-96fd0e0d
2 hours ago
First Review
BTC still chopping?
0