BitMine adds 12,532 ETH, says buying largely complete

BitMine said it acquired 12,532 ETH over the past week, bringing total holdings to 6,028,946 ETH, or about 4.9% of Ethereum’s 122.1 million supply. The company said it is 99% of the way toward its 5% accumulation target, with 5.07 million ETH currently staked. In its forward-looking disclosures, BitMine also noted management’s statement that the company is “largely finished buying ETH,” suggesting future purchases may slow as it approaches the target. — link