BitMine is closing in on owning 5% of all Ethereum.
BitMine says it is weeks away from owning 5% of all Ethereum, a target no single company has approached before. The excerpt also notes Strategy bought back preferred shares instead of more Bitcoin and references a weekend liquidation amid thin liquidity.
Why it matters — The reported Ethereum ownership target is relevant to BMNR watchers because it describes the company’s stated accumulation goal.