# token concentration

BitMine Builds a Large Ethereum War Chest — Holds 3.8% of Supply as Treasury Tops $10bn

BitMine has increased its Ethereum holdings by 60,976 ETH to a total of 4,534,563 ETH, equal to about 3.76% of Ethereum’s circulating supply, and now reports a $10.3 billion treasury that includes crypto, equities and $1.2 billion cash. The accumulation highlights potential market effects from large corporate treasuries and signals a bullish posture toward Ether while preserving strategic optionality.