Morning Edition · Tuesday, August 4, 2026Published at 1:45 AM EDT · New York
BitMine's Ether Holdings Reach 4.8% of Supply as an Italian Bank Rotates Into Staked Ether
The treasury company added 10,399 ether last week to reach 5.8 million coins. Intesa Sanpaolo cut its bitcoin exchange-traded fund call position by 99% and tripled its staked-ether shares.
BitMine Immersion Technologies bought 10,399 ether last week and now holds about 5.8 million coins, equal to 4.8% of the roughly 120.7 million ether in circulation, according to the company's own disclosure. A French-language market channel…
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Treasury Vehicles Absorb Staked Ether Supply
Yield-bearing staked ether keeps drawing corporate and bank balance sheets that cannot justify a non-yielding reserve, concentrating both float and consensus weight in a small number of leveraged holders.
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