Bitmine Nears Goal of Controlling 5% of Ethereum Supply With $11.8 Billion Treasury

First reported July 27, 2026 by Decrypt · covered by 2 sources

Bitmine Nears Goal of Controlling 5% of Ethereum Supply With $11.8 Billion Treasury

The company says it now holds 5.79 million ETH, equal to 4.8% of the cryptocurrency's circulating supply, while expanding its staking operations and share buyback program.

Jul 27, 2026 · byDecrypt

Bitmine nears 5% Ethereum supply control with $12B treasury

Bitmine's growing Ethereum control may heighten concerns over market centralization, potentially affecting price stability and regulatory scrutiny. The post Bitmine nears 5% Ethereum supply control with $12B treasury appeared first on Crypto Briefing .

Jul 27, 2026 · byCryptoBriefing