The post BitMine Nears 5% Ethereum Supply Target With $199 Million Purchases appeared on BitcoinEthereumNews.com.

BitMine Immersion Technologies has boosted its Ethereum holdings to 3.08% of the total supply through $199 million in recent purchases, edging closer to its 5% target amid a cooling market. This aggressive strategy highlights the firm’s confidence in Ethereum’s long-term potential despite short-term bearish trends. Recent Purchases: BitMine acquired $130.7 million in ETH on Friday and $68 million on Saturday, totaling $199 million over two days. Current Holdings: The firm now controls approximately $11.3 billion worth of ETH, representing 3.08% of Ethereum’s total supply. Market Context: Corporate ETH accumulation dropped 81% in three months, from 1.97 million ETH in August to 370,000 ETH in November, yet BitMine purchased 679,000 ETH last month. Discover how BitMine’s Ethereum acquisitions are reshaping corporate crypto strategies. With holdings nearing 5% of ETH supply, explore the implications for investors in this bullish move amid market caution (152 characters). What is BitMine’s Strategy with Ethereum Acquisitions? BitMine Ethereum acquisitions form a core part of the company’s long-term vision to become a dominant player in the Ethereum ecosystem by targeting ownership of 5% of the total ETH supply. Through strategic, large-scale purchases totaling $199 million in just two days, BitMine has increased its holdings to $11.3 billion, or 3.08% of all Ethereum in circulation. This approach underscores the firm’s belief in Ethereum’s foundational role in the digital economy, even as broader market sentiment remains cautious. How Do BitMine’s Recent ETH Purchases Impact the Market? BitMine’s latest Ethereum acquisitions, including a $130.7 million buy on Friday and a $68 million purchase on Saturday, demonstrate a contrarian stance against industry trends. While corporate digital asset treasury activity has declined sharply—dropping 81% over three months, with net ETH accumulations falling from 1.97 million units in August to 370,000 in November—BitMine has aggressively expanded its position. In the past month alone,…

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Filed under: News - @ December 7, 2025 3:49 am