- BitMine reaches 4 million ETH, asserting market influence.
- ETH holdings form 3.37% of total supply.
- Claimed $13.2 billion in total assets.
BitMine announced its holdings of over 4 million ETH, totaling a market worth of $13.2 billion, according to a report, but lacks independent verification from official sources.
This announcement could impact Ethereum markets, although there are concerns due to the absence of primary confirmations. Potential market reactions from stakeholders remain unclear.
BitMine’s Ethereum Holdings Reach 4 Million ETH
BitMine highlighted a substantial growth in its ETH holdings, reaching the 4 million mark within 5.5 months. The company’s Chairman, Thomas “Tom” Lee, emphasized BitMine’s strategic positioning with an expansive ETH portfolio.
BitMine’s bold claim of holding 3.37% of the entire ETH supply underscores an assertive presence in the market. Despite missing primary confirmations, the firm’s potential investments including Eightco Holdings amount to $13.2 billion.
The cryptocurrency community’s response is mixed, with many awaiting official statements. As of now, no major confirmations have surfaced from BitMine’s leadership through primary channels. Analysts and industry veterans remain cautious in accepting the announced figures.
ETH Supply Control Sparks Decentralization Concerns
Did you know? Substantial centralized ownership can affect decentralization efforts in the cryptocurrency sector.
According to CoinMarketCap, Ethereum (ETH) holds a market cap at $365.81 billion, with its 24-hour trading volume reaching approximately $18.04 billion. The current price hovers at $3,030.89, and the circulating supply stands at 120,695,004.11 ETH, last updated on December 22, 2025.
The Coincu research team observes that BitMine’s significant ETH holdings might yield regulatory and market challenges. Historical data suggest that substantial centralized ownership can affect decentralization efforts, urging industry observers to continue monitoring for potential market shifts.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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