# 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.

- Published: 2026-08-04T05:45:02.328Z
- Canonical: https://polylog.news/crypto/2026-08-04/bitmine-s-ether-holdings-reach-4-8-of-supply-as-an-italian-b
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/intesa-sanpaolos-ibit-call-row-plunged-99-as-its-staked-ethereum-shares-tripled/)

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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