🔗 Crypto & Blockchain

[Breaking] Bitmine Controls 4% of Ethereum Supply – $11.8B Holdings

Bitmine just flexed with 4% of all Ethereum locked up, totaling $11.8 billion in holdings. But in crypto's wild ride, is this genius or just another whale playing with fire?

Bitmine logo with Ethereum coins stacking to $11.8B holdings chart

⚡ Key Takeaways

  • Bitmine holds 4.87M ETH, 4% of total supply, boosting assets to $11.8B. 𝕏
  • Strategy mirrors MicroStrategy's BTC hoard but with staking yields. 𝕏
  • Risks loom: Volatility and regulation could halve value overnight. 𝕏
Ibrahim Samil Ceyisakar
Written by

Ibrahim Samil Ceyisakar

Founder and Editor in Chief. Technology entrepreneur tracking AI, digital business, and global market trends.

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Originally reported by The Block

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