Bitmine’s ETH Hoard
Mining giant Bitmine now holds 4.66 million ETH on its books — a sizable strategic reserve that voters and on‑chain watchers flagged in recent posts (x.com). That scale of holdings gives Bitmine material influence over liquid‑staking flows and large withdrawal dynamics if markets swing (x.com).
Bitmine’s position now equals roughly 3.86% of circulating ETH, a level the company says leaves it more than three‑quarters of the way toward its published 5% accumulation goal. (prnewswire.com) The firm disclosed a 65,341‑ETH purchase in the most recent week, a buy Coindesk valued at about $138 million at market prices. (coindesk.com) Bitmine’s March update shows about 3,142,643 ETH currently staked — roughly 67% of its ETH holdings — with the company valuing that staked pool at about $6.5 billion using a $2,072 per‑ETH mark. (prnewswire.com) The March 23 disclosure put Bitmine’s combined crypto, cash and “moonshots” reserves at about $11.0 billion, up from a $9.6 billion figure reported in its Feb. 23 release. (prnewswire.com) SEC/EDGAR records show a stream of 8‑K and other filings in March documenting the company’s weekly accumulation updates and related disclosures. (sec.gov) Trading coverage recorded a modest equity reaction — BMNR shares rose roughly 3% on the announcement — while public trackers note the buying pace accelerated from a prior ~45–50k ETH weekly average into consecutive weeks of ~60–65k ETH buys. (phemex.com)
