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Crypto

Bitmine holds 4.49% of total Ethereum supply, slows buying pace

Bitmine, an Ethereum treasury company, has sharply slowed the pace of additional Ethereum purchases over the past week. As of May 31, it held 5,416,901 ETH, equal to 4.49% of Ethereum’s total supply of 120.7 million ETH. Weekly acquisitions fell to 26,497 ETH from 111,942 ETH a week earlier. The company has highlighted a goal of reaching 5% ownership, which its chairman said could be achieved in 2026.

Crypto

BitMine holds 4.47% of ether supply, buys 111,942 ETH in a week

BitMine Immersion Technologies bought an additional 111,942 ETH over the past week, a purchase worth 370 billion yen, raising its ether holdings to 5,390,404 ETH, equal to 4.47% of the total supply. The company valued its holdings at about $11.5 billion using an ETH price of $2,134. It is also increasing staking, with 4,712,917 ETH staked as of May 25 and an annualised yield of 2.75%.

Crypto

Ethereum stalls again near $2,400 as three headwinds weigh

Ethereum has remained relatively weak after failing to settle above $2,400 over the past three months. Cointelegraph reported it is down 21 percent so far in 2026, underperforming the broader crypto market’s 11 percent decline. The rebound has been repeatedly capped by slowing on-chain activity, intensifying competition in the dapp ecosystem and diminished appeal to institutions. DEX volumes and Ethereum dapp revenue have fallen sharply, while hacking losses and confusion over upgrades have added pressure.