Bitmine Holds 1.7M ETH — Needs ~4.3M More (~$19.5B) to Reach 5% of Ethereum Supply as ETH ‘Invisible Floor’ Emerges at $4,200–$4,400

COINOTAG, citing CryptoISO, reports that Bitmine currently holds in excess of 1.7 million ETH. To achieve a 5% reserve of the Ethereum supply, Bitmine would need to acquire roughly another 4.3 million ETH, an incremental outlay estimated at about $19.5 billion at a price of $4,534 per ETH and approximately $18.2 billion if the price reverts to $4,200.

Market liquidity considerations matter: observed ETH daily trading volume ranges between $30 billion and $50 billion, implying any large-scale purchase program could have material market impact. Analysts note historical parallels with sizeable Bitcoin accumulations and caution that suggestions of an “invisible floor” around $4,200–$4,400 reflect liquidity-driven analysis rather than guaranteed outcomes.