NewsHK
Corporate treasury strategies built around concentrated digital-asset positions have found a new reference point in the Ethereum market.
Bitmine Immersion Technologies (BMNR) released its July president's message framing $ETH as the antidote to what it calls the "uncanny valley of wealth," and the numbers behind that argument are harder to dismiss than the rhetoric: the company holds 4.8% of Ethereum's total supply, which it places at 120.7 million ETH, after twelve months of accumulation.
Closing in on the 5% Alchemy threshold Bitmine describes its current position as 96% of the way to a 5% holding, which it brands the "5% Alchemy" goal.
Holding just over one in twenty circulating Ethereum tokens puts any single holder in territory where secondary-market effects become difficult to separate from ordinary price discovery.
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