bitmine just revealed they hold 1.86 million eth. that's 1.5% of ethereum's entire supply. the institutional takeover is happening
Ethereum (Reddit)

Tldr: Bitmine just revealed 1.86M ETH ($8.1B) in treasury, 1.5% of supply. Corporate ETH treasuries now $13B. Supply shock building.

bitmine immersion technologies just dropped their treasury update: 1,866,974 eth worth over $8.1 billion.

one company now owns 1.55% of all ethereum that will ever exist.

the supply shock is real

bitmine is the world's largest corporate ethereum treasury by far:

bitmine: 1.86 million eth ($8.1 billion)

sharplink gaming: 797,700 eth ($3.4 billion)

they literally hold more than double the second-largest corporate holder.

aggressive accumulation

bitmine added 373,000 eth in a single week last month - nearly $1.6 billion worth. their stock is up 41% while they systematically corner the market.

cathie wood's ark invest just invested another $15.6 million, bringing total investment to over $300 million.

the network effect:

bitmine isn't alone:

yunfeng financial (jack ma's company) bought 10,000 eth

the ether machine raised $654 million, collecting 150,000 eth

corporate ethereum treasuries now total $13 billion

the math is insane:

when you combine:
1.5% held by one company

30% of eth staked and locked

other corporate treasuries accumulating

how much liquid ethereum is actually left?

my take

retail trades daily candles while institutions systematically remove ethereum from circulation forever. we're watching supply get cornered in real time.

Is this a phishing transaction?
Ethereum (Reddit)

tx id: 0xdb8ef2ea2ab32e5fc9ed79e6d59faa955bbcd22478a411b0bbff7820ed714101

In Koinly it appears that 0xF8 sent $6,616 USDC to 0x49. Is that correct? The reason I am suspicious is that Koinly is naming it USDC but the USDC icon next to it is blank. And next to the "From:" address it says (Fake_Phishing327717). I am obviously not good at understanding Etherscan transaction page but I would like to learn.

Who names the address (Fake_Phishing327717)? Did the owner name it or someone else? How can I tell if this is phishing besides the things I stated?

https://etherscan.io/tx/0xdb8ef2ea2ab32e5fc9ed79e6d59faa955bbcd22478a411b0bbff7820ed714101

Daily General Discussion September 03, 2025
Ethereum (Reddit)

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