Major mining operator Bitmine continues to actively accumulate ether. Over the past week, the company acquired 27,801 ETH, bringing its total reserve to 5.77 million coins. This accounts for 4.8% of the current circulating supply of Ethereum — an impressive share for a single institutional player.
The management structure of these assets deserves special attention. Currently, 4.92 million ETH are staked, equivalent to 85% of Bitmine's total holdings. Such a high proportion of staked funds indicates the company's long-term confidence in the prospects of the Ethereum network and its profitability.
Robinhood Chain as a Catalyst for ETH Perception
Against this backdrop, Bitmine Chairman Tom Lee made an important statement. He emphasized that the launch of Robinhood Chain plays a key role in changing the perception of ether. In his view, the integration of ETH into the infrastructure of popular platforms is gradually transforming it from a speculative asset into a full-fledged means of payment and store of value — in other words, into real money.
This statement aligns with a broader trend: institutional players are increasingly viewing Ethereum not just as an investment tool, but as a foundational layer for the future financial system. The accumulation of 4.8% of the supply by a single entity is not just a statistic, but a signal of consolidating influence in the market.
Expert commentary: Reaching the 5.77 million ETH mark in Bitmine's reserve is a clear indicator of the transition from retail to institutional dominance in ether. If the company continues to increase its share at the same pace, we could see concentration exceeding 7–8% of the supply within a few quarters, which will inevitably impact the asset's liquidity and volatility. The only question is whether other major players will follow Bitmine's lead.