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Fundstrat's BitMNR holds 4.9% of ETH supply, nearing 5% goal

  • Fundstrat's BitMNR held 5,929,198 ETH as of Sep. 7, representing roughly 4.9% of total supply.
  • The holdings were valued at about $14.79 billion based on an ETH price of $2,495.
  • The position put BitMNR 97% of the way toward its 5% ETH-supply goal after 15 months.

Fundstrat's BitMNR, described in an earlier update as BitMine, held 5,929,198 ETH as of Sep. 7. Valued at about $14.79 billion at an ETH price of $2,495, the position represented roughly 4.9% of Ethereum's 122 million total supply and put the company 97% of the way toward its 5% goal after 15 months.

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