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Bitmine added 27,084 ETH last week, pushing its total Ethereum treasury to 5.70 million coins with a stated value of $8.9 billion, even as the company described the period as "challenging." That purchase places Bitmine at 94% of its self-imposed goal of accumulating 5% of Ethereum's entire circulating supply.
Alongside the buying, the company was added to the Russell 1000 index.
What the On-Chain Numbers Actually Show Ethereum ($ETH) is the second-largest cryptocurrency by market value and the underlying asset for a large share of decentralized-finance and smart-contract activity.
When a single corporate entity holds 5.70 million coins, it controls a meaningful slice of the tokens actively in circulation — which is precisely the point of Bitmine's stated strategy.
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