BitMine is ending its large-scale Ethereum accumulation after nearly 15 months, having acquired about 4.9% of the total ETH supply. The company plans to halt purchases once it hits 5%, a cap encouraged by Ethereum co-founder Vitalik Buterin. BitMine currently holds over 6 million ETH, worth around $14.3 billion, and has shifted focus toward staking to generate income from its holdings. This change marks a move from aggressive buying to maximizing returns through staking rewards and network infrastructure involvement.
BitMine's shift in Ethereum strategy is the subject here. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 23, 2026 16:51 WIB: out of 50 major cryptocurrencies priced on Pluang, 31 rose and 18 fell. Notable price changes include ATOM at Rp32.195 (+4.83%), BCH at Rp5.160.465 (+4.45%), and ONE at Rp26 (+3.12%).
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