BitMine is close to taking over 5% of Ethereum's supply. The giant changes its strategy despite billions of purchases

Key conclusions

BitMine Immersion Technologies already holds over 5.18 million ETH, or over 4% of the entire Ethereum supply.

The company may soon slow purchases, even though the 5% supply target is very close.

The new strategy assumes diversification into staking, AI and high-risk projects.

BitMine Immersion Technologies has already collected over 5.18 million ETH worth nearly USD 12 billion, which makes this company one of the largest players in the Ethereum ecosystem. Now, however, the company is changing its strategy.

BitMine: “Alchemy 5%” almost completed

BitMine’s “Alchemy of 5%” strategy assumes taking over one twentieth of the total Ethereum supply. Surprisingly, the plan, which was expected to be completed within five years, is almost completed in less than a year. As Tom Lee revealed at the Consensus conference in Miami, the level of over 4% supply was achieved in just a few months. At the current pace of purchases – reaching up to PLN 100,000. ETH per week – the company could achieve the goal within a few weeks.

However, instead of accelerating, the company is starting to… slow down.

The new strategy assumes limiting the aggressive accumulation of ETH and greater involvement in other areas of the market. Tom Lee points out that the cryptocurrency and technology market today offers much more opportunities than just long-term holding of assets.

BitMine is developing its own staking infrastructure, investing in artificial intelligence projects and engaging in “moonshot” projects, i.e. high-risk, but potentially groundbreaking. The investments included, among others: Worldcoin-related initiatives and AI-related technology projects.

The market does not share the enthusiasm

Despite its impressive assets, the company’s shares do not reflect its market position. BitMine (BMNR) remains well below its all-time highs, and recent quotes indicate a correction.

BitMine’s situation raises broader questions about the future of the market. Such a large concentration of Ethereum supply in the hands of one entity may affect the liquidity, decentralization and stability of the entire ecosystem. At the same time, the decision to diversify shows that even the largest players do not want to make their future solely dependent on one asset. However, this should be considered a healthy approach.

What does this mean for the market?

BitMine’s move could signal a shift in the market phase – from aggressive accumulation to more complex investment strategies. If even such a large player starts looking for new sources of growth, it may mean that the market is entering a stage of greater selection and maturity.

This is an important tip for investors: the future of cryptocurrencies will not be based solely on price increases, but on real utility, technology and the ability of projects to create value in the long term.

Today, 1 ETH costs USD 2,318, which translates into a 1% increase per week and approximately 6% growth per month.

It is worth adding that the queue for Ethereum staking pools is still growing, while the queue for entry pools is decreasing. Investors want to deposit 3.76 million ETH and withdraw only 162.9 thousand. ETH.

This is well illustrated by the chart below:

BitMine is close to taking over 5% of Ethereum’s supply. The giant changes its strategy despite billions of purchases – Bitcoin.pl

BitMine: “Alchemy 5%” almost completed

The market does not share the enthusiasm

What does this mean for the market?