The smart money isn't just buying; they are aggressively removing $ETH from the open market. Recent on-chain data confirms that Bitmine has increased its staking position by another 186,500 ETH (approx. $600M) in the last week alone.
This brings their total staked position to over 1.53 million ETH, valued at roughly $5.1B+. Bitmine now controls nearly 1.3% of the entire Ethereum supply, pursuing their ambitious "5% Alchemy" goal.
Why this matters for the market:
Vanishing Float: When a single institution locks up billions, it creates a massive reduction in liquid supply.
Institutional Confidence: Bitmine is essentially becoming the "MicroStrategy of Ethereum." They aren't positioning for a quick flip; they are building a yield-generating fortress.
The Supply Shock Trigger: With exchange reserves at multi-year lows (below 4.9%), any surge in demand from Spot ETFs will meet a "paper-thin" float.
Technical Outlook:
As long as $ETH holds the dynamic support near $3,000, the structural buildup by institutions like Bitmine points toward a retest of the $3,500 - $4,000 zone by the end of Q1. The data is clear: the institutions are locking the doors. Are you still waiting for a "better" entry?
Poll:
Do you believe $ETH will hit $4,500 before Bitmine reaches their 5% supply goal?
[Yes, Supply Shock is here!]
[No, Market needs more time.]
