One public company now holds nearly 1 out of every 20 ETH in existence.
BitMine just added 32,447 ETH, bringing its holdings to 5,847,611 ETH — 4.8% of the entire supply.
5,067,309 ETH is already staked.
Bitcoin has Strategy. Ethereum is getting its own corporate accumulation machine.
The real question: what happens when 5% of ETH supply sits on one corporate balance sheet?
Source: https://t.co/Isz2lt39uA