Bitmine now holds 5.77 million ETH, equal to 4.8% of ether’s total supply, putting it 96% of the way to its 5% target.

Bitmine Immersion Technologies bought 20,500 ETH for $35.92M, bringing total holdings to 5.7 million ETH as it nears its 5% supply ownership target.

Bitmine acquired 27,801 ETH over the past week, moving closer to its goal of owning 5% of the total ETH supply.