Bitmine Nears 5% Ethereum Supply Cap After Purchase
Bitmine approaches a 5% Ethereum supply cap following a $32 million weekly purchase, according to BigGo Finance.
Bitmine is approaching a 5% Ethereum supply cap after executing a $32 million weekly purchase, according to BigGo Finance. The sustained accumulation highlights the scale of institutional and large-entity positioning within the asset's circulating supply.
Weekly Accumulation
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The recent $32 million acquisition pushes Bitmine closer to the 5% threshold of total circulating Ethereum supply. Large-scale treasury accumulation directly impacts available liquid supply on secondary markets.
Key facts
- Bitmine approached a 5% Ethereum supply cap, according to BigGo Finance
- The milestone follows a weekly purchase totaling $32 million
Source: news.google.com
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