Bitmine is now roughly 64,000 ETH away from holding 5% of all Ether. The company disclosed 6,041,481 ETH as of Oct 18, about 4.9% of the 122.1M supply. It added 12,535 ETH last week, almost exactly the size of the week before. At that pace, the 5% line (about 6.1M ETH) is around five weeks out. The rest of the stack: • 5.07M ETH staked • $582M in cash • $15.1B total across crypto, cash and equity stakes Price hasn't followed the bid. $ETH sat near $2,400 at 14:00 UTC, down about 5% on the week. On spot books, the largest wall nearby was an $18.0M bid at $2,398. One buyer absorbing roughly $30M of Ether a week: a floor, or a footnote?
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