{"id":78389,"date":"2026-03-31T06:01:32","date_gmt":"2026-03-31T06:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=78389"},"modified":"2026-03-31T06:01:32","modified_gmt":"2026-03-31T06:01:32","slug":"ethereum-treasury-bitmine-nears-4-supply-share-after-new-71179-eth-buy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=78389","title":{"rendered":"Ethereum Treasury Bitmine Nears 4% Supply Share After New 71,179 ETH Buy"},"content":{"rendered":"
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Ethereum treasury company Bitmine has announced that it loaded up on 71,179 ETH over the past week, taking its supply share to 3.92%.<\/p>\n

Bitmine Has Continued Its Aggressive Ethereum Accumulation<\/h2>\n

As announced in a press release<\/a>, Bitmine<\/a> participated in additional Ethereum buying during the last week. In total, the firm has added 71,179 ETH with this accumulation spree, worth nearly $146 million right now. The purchase is larger than the recent weekly average for the company. \u201cBitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case is ETH is in the final stages of the \u2018mini-crypto winter,’\u201d said Thomas \u201cTom\u201d Lee, Bitmine chairman.<\/p>\n

Originally a Bitcoin mining-focused firm, Bitmine pivoted to an Ethereum treasury strategy in mid-2025. Since then, the firm has followed in the footsteps of Michael Saylor\u2019s Strategy<\/a>, continuously accumulating ETH even as the bearish market shift has occurred.<\/p>\n

The sector has faced an especially high degree uncertainty recently with the war situation in Iran. Lee pointed out, however, that crypto has held up well even as the war enters its 5th week, with ETH outperforming equities by 1,160 basis points. In contrast, Gold, the traditional safe-haven, has underperformed by more than 750 basis points. \u201cCrypto is demonstrating itself to be a good \u2018war time\u2019 store of value,\u201d noted the Bitmine chairman.<\/p>\n

Following the latest addition, Bitmine\u2019s Ethereum reserves have grown to 4,732,082 ETH, equivalent to 3.92% of the cryptocurrency\u2019s total supply in circulation. The firm has set a goal of 5% of the supply, so at the current figure, it\u2019s already over 78% of its way to the target in just eight months.<\/p>\n

Lately, Bitmine has also been putting its ETH toward staking to earn some passive income through the Proof-of-Stake (PoS)<\/a> contract. Unlike BTC, where miners secure the network, ETH is instead protected by stakers, validators who put forward some initial \u2018stake\u2019 to take part in consensus-making. Just like how miners earn rewards for mining blocks, stakers also get rewards when they add a block to the chain.<\/p>\n

According to the press release, Bitmine has a total of 3,142,643 ETH staked right now, representing 66% of the total reserves held by the company. \u201cBitmine has staked more ETH than other entities in the world,\u201d said Lee.<\/p>\n

Bitmine isn\u2019t the only organization locking its ETH in the PoS contract. As highlighted by Arkham in an X post<\/a>, the Ethereum Foundation, a non-profit group dedicated to supporting the ETH blockchain, has just transferred $46.2 million worth of the cryptocurrency to the staking deposit contract. \u201cThis is more ETH than they have EVER staked before,\u201d explained Arkham.<\/p>\n

\"Ethereum<\/p>\n

ETH Price<\/h2>\n

Ethereum dropped under the $2,000 level earlier, but the coin has opened the new week with recovery back above $2,060.<\/p>\n

\"Ethereum<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum treasury company Bitmine has announced that it loaded up on 71,179 ETH over the past week, taking its supply share to 3.92%. Bitmine Has Continued Its Aggressive Ethereum Accumulation As announced in a press release, Bitmine participated in additional Ethereum buying during the last week. In total, the firm has added 71,179 ETH with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-78389","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78389"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78389\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}