$ETH SUPPLY SHRINKING AS BITMINE NEARS 5% OWNERSHIP OF ALL TOKENS 🔥
Bitmine’s ETH holdings now total 4.8% of the entire supply at 5.78 million tokens. They are 96% of the way to their “Alchemy of 5%” goal in just 12 months. This institutional accumulation is unmatched — the largest ETH treasury in the world, with 4.9 million tokens already staked on MAVAN.
Weekly ETH buys are still ongoing, and the company just repurchased 5.5 million shares for $85 million. At $1,879 per ETH, annualized staking rewards are projected at $290 million. The structural demand from this single entity is reshaping ETH’s liquidity profile.
Are you tracking the supply crunch from institutional staking and buybacks?
Not financial advice. Always manage your risk.
#ETH #SupplyShock #InstitutionalAccumulation #Crypto 🔥