Ethereum Supply Decreases as Largest Holders Accumulate Coins

Ethereum's circulating supply has decreased by approximately 475,000 ETH in recent weeks, with exchange reserves experiencing a notable decline across major platforms such as Binance, OKX, Gemini, and Bitfinex.

Meanwhile, the largest holders of Ethereum, including Bitmine, have been actively accumulating coins. According to data, Bitmine has increased its ETH holdings by 126,971 units over the past week, taking its total to 5.54 million ETH.

This represents approximately 4.59% of Ethereum's circulating supply and indicates a long-term approach to investing in the cryptocurrency. Notably, 4.72 million ETH out of Bitmine's total reserves are staked, suggesting a commitment to supporting the network.