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Ethereum Surges as Bitmine Nears 5% Supply Milestone with Massive ETH Buy

Cryptonews Read original source (opens in a new tab)
The Story

News Summary

  • Bitmine acquired 32,447 ETH worth $81 million, bringing its holdings to 5.85 million ETH—nearing 5% of Ethereum's total supply.
  • Massive institutional accumulation, high staking rates, and accelerating ETF inflows have fueled ETH's 31.5% weekly surge alongside broader crypto market strength.
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ETHUSD price history

2479.16 +22.32% over the displayed period

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