BitMine (BMNR) now holds 1.52M ETH (1.26% of supply). Combined, 69 companies hold 4.09M ETH (3.38%), and ETFs 6.56M ETH (5.42%). Institutional accumulation is tightening ETH supply, potentially boosting price.

According to Mars Finance news on August 18, data from strategicethreserve shows that BitMine (BMNR) has increased its holdings by 373,000 ETH this week, bringing its total holdings to 1.52 million ETH, which accounts for approximately 1.26% of the total circulating supply of ETH. The total of 69 companies holding ETH collectively own 4.09 million ETH, approximately 3.38% of the total circulating supply of ETH, valued at about 17.43 billion USD. Additionally, all ETFs currently hold 6.56 million ETH, accounting for approximately 5.42% of the total circulating supply of ETH, valued at about 27.97 billion USD.