Ethereum’s treasury boom now has one company nearing 5% of supply

- BitMine is 0.2% away from hoarding 5% of all ETH. That’s not investing; that’s a hostile takeover of the liquid supply by a company that treats "Aggressive passive income" as a personality trait. They’ve staked 85% of their haul, turning their balance sheet into a validator node farm while listing on the Russell 1000 to trick passive index funds into buying their bag. It’s a classic meat wallet trap: you get exposure to Ethereum’s proof-of-stake economy, and they get to print yield while you hold the equity wrapper. If this becomes the standard, we’re just trading decentralized dreams for centralized treasury monopolies with better PR. Where's my cut?