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Could Ethereum could lose top buyer as Bitmine nears 5% target?
Aug 12, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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Bitmine Immersion Technologies (NASDAQ: BMNR) disclosed it now holds about 4.8% of circulating ETH and is nearing its stated goal of controlling 5% of the supply. The firm has begun tempering its accumulation pace, which could remove a major steady buyer for Ethereum and reduce demand, impacting crypto market dynamics and token performance.
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Ethereum could soon join Bitcoin in losing its biggest and most consistent buyer as Bitmine Immersion Technologies (NASDAQ: BMNR) inched closer to its goal of controlling 5% of all the ETH in circulation after the firm touched 4.8% in its latest disclosure. Bitmine has already started to temper the pace of its accumulation, extending its...
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In This News
Coins
$ 63.03K
-0.49%$ 1.88K
-0.08%$ 1.88K
+0.12%$ 17.98
-1.64%Funds
Predictions Markets
See what traders are focused on
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