BitMine Buys 10,399 More ETH but Reported Holdings Fall to $11.3B | The Defiant

Bitmine now controls 4.8% of Ethereum supply as holdings reach $11.3 billion

Bitmine controls 4.8% of Ethereum supply (5.8M ETH, $10.9B) with 85% staked for ~$247M annual projected yield. The treasury consolidation demonstrates crypto-native treasuries scaling at institutional level, with staking networks and validator infrastructure positioning as enterprise revenue products.