One Company Owns 4.8% of All Ethereum in Circulation: Ethereum Price Prediction Hasn’t Reacted Yet

In the latest Ethereum price prediction, ETH price is trading at $1,852.60, down 0.33% in the last 24 hours, even as one of its largest institutional holders keeps stacking. The gap between that quiet price action and the scale of what’s accumulating beneath it is worth watching closely.

Something is building, and it hasn’t been printed yet.

BitMine Immersion Technologies (BMNR) disclosed last week that it repurchased 4.5 million shares of its common stock, bringing total buybacks since July 1 to 16.1 million shares under a $4 billion authorized repurchase plan.

Simultaneously, the firm acquired 10,399 ETH, lifting total holdings to 5.797 million ETH, equal to 4.8% of ETH’s entire circulating supply.

BitMine Chairman Thomas Lee noted that ETH outperformed the Nasdaq 100 by 2,500 basis points in July, calling it “the largest outperformance since July 2025.”

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