BitMine Nears 5% of Ethereum Supply as Staking Strategy Drives Institutional Interest

BitMine Immersion Technologies ($BMNR) now holds over 5.77 million ETH, roughly 4.8% of total circulating supply, nearing its 5% target. The company recently added 27,801 ETH valued at about $50.6 million. The disclosure is drawing institutional attention as BitMine turns holdings into recurring yield through large-scale staking.