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BitMine CEO 71,252 ETH, Getting Closer to the "Alchemy of 5%" Target
BitMine continues to strengthen its portfolio by adding 71,252 ETH in the past week (06/04), bringing its total holdings to 4,803,334 ETH. This routine accumulation step further cements BitMine's position as the largest Ethereum treasury in the industry, with a 3.98% share of the total global supply. This achievement brings them one step closer to the "Alchemy of 5%" target, a major ambition to control 5% of the entire Ethereum supply in the market.
As the number one ETH treasury holder, BitMine optimizes its asset holdings through staking mechanisms. With 3,334,637 ETH, or about 69% of their total reserves allocated to staking protocols, BitMine has successfully earned an annual yield of $196 million. Through this method, BitMine has proven that Ethereum is not just a passive asset but a highly productive cash flow machine for institutions.
Although the global economic conditions remain pressured due to conflicts in the Middle East, BitMine Chairman Tom Lee remains optimistic about Ethereum's fundamental strength. He views ETH as an asset capable of outperforming gold during crises. BitMine's dominance as an institutional whale is expected to be a driving force for market sentiment to recover quickly and push asset prices toward new all-time highs in the crypto industry.
$ETH