Bitmine accumulates 101,627 ETH in a week — now holds 4.12% of total supply

Bitmine added 101,627 ETH last week, lifting its total position to 4.98 million ETH — equivalent to roughly 4.12% of the entire circulating supply. That scale of single-entity accumulation in a seven-day window is notable by any measure, and pushes Bitmine into the conversation alongside the largest known ETH holders globally.

Concentration at this level carries a dual read: it signals strong conviction from a well-capitalised buyer, but also raises questions about supply-side dynamics if a position that size ever moved. For now, the directional signal is clear — a major holder is adding aggressively, not trimming.