Bitmine Adds $20M in Ethereum, Holdings Reach 6.07M ETH

Bitmine is now close enough to its stated 5% threshold that the remaining gap is a rounding error, which turns the target from an aspiration into a near-completed position. That scale of single-entity concentration is the substantive point: a holder approaching 5% of supply becomes a structural feature of the market rather than a participant in it. The open question is what happens once the target is reached — whether accumulation stops, and how the firm frames its influence over Ethereum governance and narrative.