# BitmineAddsAnother25KEther

Bitmine just bought the dip. Again.

While the rest of crypto panics over ETH dipping below $1,700, one player is doing the opposite.

Bitmine added another 25,000 ETH.
Worth roughly $42 million.

Not a test. Not a tweet.
On‑chain data. June 10.

Total holdings now: ~5.42 million ETH
That's 4.5% of circulating supply.

Let me repeat that:
One entity now owns nearly one in every twenty Ether in existence.

And they're not just sitting on it.
➜ Over 85% is staked
➜ Annualized staking income: ~$230 million

That's not speculation. That's cash flow.

Bitmine's chairman Tom Lee put it simply:

"The pullback does not reflect Ethereum's strengthening fundamentals."

They're pushing toward a 5% supply target.

Think about the math.
If Bitmine hits 5% of circulating supply, staked yield alone becomes a fortress. Every dip is a discount. Every panic seller is a counterparty.

This isn't about price tomorrow.
This is about structural accumulation.

Two ways to read this:

Smart money sees something you don't.

Concentration risk is real, and nobody's talking about it.

Either way — watch this wallet.

👇 Does this make you more bullish or nervous on ETH?