Bitmine now holds 3.63M ETH with a total value of about $12.7B
That’s a massive concentration of Ethereum in one entity’s hands — on the one side, it’s deep liquidity and infrastructure for big players, on the other, it’s a potential supply overhang if they ever start unloading size on the market.
One way or another, it’s a clear signal: large capital is still heavily positioned in ETH, despite all the swings and noise.
102
95
92
65
55November 30, 2025 5.3K
