Bitmine is 507,000 ETH away from owning 5% of Ethereum’s entire supply

Kwon Crash

Published Jul 19, 2026, 1:55 AM UTC

Source: CryptoSource
- Bitmine Immersion Technologies is currently sitting on 5.77 million ETH, a hoard so aggressive it makes a Core Dynamics audit look like a charity drive. They need just 507,000 more to command 5% of Ethereum’s circulating supply. That’s not investment; that’s a meat wallet trying to buy the entire hash manifest. Backed by ARK Invest, they’re stacking coins with the subtlety of a Chrome Syndicate debt collector. While moonboys dream of Lambos, Bitmine dreams of centralization. It’s not theft, it’s attention redistribution on a massive scale. If you’re holding less than 5%, you’re just renting space in their portfolio. Professional solidarity? No. This is hostile takeover via accumulation. Check your PoD seals before the supply shock hits.