Bitmine Adds 26,659 ETH, Pushes Holdings Past $12B
Bitmine now sits on 5.21M ETH — over 4.3% of the total supply — and has staked 90.5% of it, the closest any public vehicle has come to sweeping a major cap onchain.
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
Bitmine now sits on 5.21M ETH — over 4.3% of the total supply — and has staked 90.5% of it, the closest any public vehicle has come to sweeping a major cap onchain.
The pace has cooled from 100K ETH a week, but Bitmine still holds over 4.3% of Ethereum’s circulating supply — making it the dominant corporate accumulator.
The May 12 cutover ends Ronin's standalone-sidechain era and hands network security over to Ethereum mainnet — the structural fix for the bridge vulnerability Lazarus exploited in 2022.
Eleven months in, Bitmine is 86% of the way to its 'Alchemy of 5%' target — and 4.71M of those ETH are now staked, locking supply rather than parking it.
The shift ends five years of standalone sidechain operation and slashes RON inflation from over 20% to below 1%, but the roughly 10-hour outage window is the first real test.
Tom Lee's treasury firm bought just 26,659 ETH last week after running at over 100K per week for months, but the slowdown is the math working, not the conviction breaking — Bitmine now holds 4.31% of…
Bitmine, the institutional crypto vehicle backed by Fundstrat co-founder Tom Lee, has crossed 5.2 million ETH in total…
The Foundation's first major unstaking in 2026 funds core protocol work — a routine treasury rotation, but one that briefly trims the validator queue and adds sell-side liquidity to thin weekend…
The hard fork inherits Ethereum's security after the record $625M bridge exploit, but the real story is supply: 90M RON of staking rewards get rerouted to the treasury as issuance collapses from over…
The weekly inflow is small relative to Bitcoin's $706M haul, but XRP is the only major where product flows and spot price are moving in the same direction this week.
The five-week inflow streak now totals $4.9B YTD into BTC products — and the $82K 200-day SMA is the line bulls need to crack to unlock the next leg.
The Ethereum Foundation has unstaked 21,271 ETH, equivalent to approximately $49.66 million at current prices…
Wall Street heavyweights BlackRock, Apollo and ICE are buying into Circle's own L1 — a $3B implied valuation on a network still in testing suggests stablecoin issuers are now competing for the full…
Total assets under management crossed $160B as the legislative catalyst hit the tape — the real signal is Bitcoin's $706M concentration of that bid across a single week.
Scrapping the 50% long-held asset CGT discount would tighten the tax on crypto gains and reframe the carry trade Australian investors have used since 1999.
Crypto financial services firm Matrixport has withdrawn 5,000 ETH — valued at approximately $11.67 million — from…
The price action was muted — flat on the day across BTC and ETH — but the real event this week is procedural: the CLARITY Act markup sets the floor for how US digital-asset oversight gets split…
The breakout cleared a resistance level that had rejected XRP for weeks on a volume spike pointing to larger positioning — but the rejection at the psychological $1.50 ceiling is now the level that…
Garrett Jin's full rotation — 577,896 ETH into Binance over four days, most of it swapped from BTC eight months ago near $4,591 — turns a paper loss into realized selling pressure on $ETH.
The markup is the procedural bottleneck that's held the bill since the House passed it in 2025; a committee vote Thursday sets up a Senate floor vote, a conference committee, and Trump has pushed for…
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "Bitmine Adds 26,659 ETH, Pushes Holdings Past $12B" — read at /en-US/a/tom-lees-bitmine-holds-52m-eth-worth-12b-90-staked-as-firm.