Bitmine Buys $20M ETH, Nears 5% Ethereum Supply Target

Bitmine's steady accumulation is turning a corporate treasury strategy into a meaningful supply-side variable for Ethereum, and the explicit 5% target gives the market a rare, publicly stated benchmark to track. The framing around tokenization and AI ties the buying to a narrative rather than pure treasury diversification, which matters for how the position will be read if that thesis is tested. Whether the company sustains this pace of purchases as it approaches its stated goal is the open question worth watching.