Major institutional player Bitmine continues to aggressively accumulate ether. Over the past week, the company acquired 27,801 ETH, bringing its total reserves to 5.77 million coins. This is equivalent to 4.8% of the current circulating supply of Ethereum.
Particularly noteworthy is the structure of these reserves: 4.92 million ETH, or 85% of the total, are staked. Such a high percentage indicates Bitmine's long-term confidence in the network's yield and its fundamental value. Essentially, the company is not just holding the asset but actively using it to generate passive income, strengthening its position as one of the largest validators in the Ethereum ecosystem.
Institutional Outlook on the Future of ETH
Separately, it is worth noting the statement from Bitmine's Chairman of the Board, Tom Li. He emphasized that the launch of Robinhood Chain plays a key role in changing the perception of ETH. In his view, the integration of Ethereum into the infrastructure of major retail platforms helps solidify ether's status not just as a speculative asset, but as a full-fledged medium of exchange and store of value.
Expert Commentary: The accumulation of 5.77 million ETH by a single player is a powerful signal to the market. If previously we saw miners and funds consolidating bitcoin, now a similar trend is clearly emerging in ether. Given that 85% of the reserves are staked, Bitmine is effectively removing a huge volume of liquidity from free circulation, which could create a shortage in the long term and support the rise in ETH's price.