Bitmine increased its reserves to 5.77 million ETH — nearly 5% of the entire market
Last week, the Bitmine analytical center made a major purchase: 27,801 ETH were added to corporate wallets. As a result, the company's total reserve reached 5.77 million ETH, accounting for 4.8% of the current circulating supply of ether. These are not just numbers—they signal deep institutional confidence in the asset.
The distribution structure deserves special attention: 4.92 million ETH, or 85% of the total reserve, is staked. This means Bitmine is not merely holding the asset but actively participating in the Ethereum network's consensus, earning yields while simultaneously supporting blockchain security. This approach is characteristic of long-term strategic players, not speculators.
Robinhood Chain as a Catalyst
Bitmine Chairman of the Board Tom Li specifically noted that the launch of the Robinhood Chain network plays an important role in redefining the status of ETH. According to him, this move promotes the perception of ether not just as a token for DeFi applications, but as full-fledged money—a store of value and a means of settlement.
If major players continue to increase their positions and infrastructure projects like Robinhood Chain integrate ETH into everyday financial flows, we are witnessing a fundamental shift. The market is gradually transitioning from an accumulation phase to a phase of institutional adoption, where ETH becomes the anchor of the new financial system.
My view: The purchase of 27,801 ETH in a week is not an impulsive transaction but part of a systematic strategy. If the accumulation pace continues, Bitmine could become one of the network's largest validators in the coming quarters, which would put additional pressure on ETH liquidity on exchanges.