BitMine’s latest disclosure showed holdings of 5,742,237 ETH, equal to about 4.8% of Ethereum’s circulating supply, as the company continues pursuing its goal of controlling 5% of supply. On-chain analysis has indicated BitMine acquired an additional 40,000 ETH worth about $70 million on Tuesday, though the company has not officially confirmed that transaction. The firm, led by Tom Lee, has staked roughly 85% of its Ethereum through the Made in America Validator Network, positioning validator rewards as a core part of its treasury strategy rather than leaving the assets idle.