BitMine now controls 4.9% of Ethereum's supply, according to a report cited by CryptoRank. The same report states that BitMine's ETH holdings have topped 6 million tokens, and that its stock rose as a result.
The disclosure points to how institutional the Ethereum trade has become, as a single buyer holds a substantial share of the asset's supply.
AlphaPepe is offering retail buyers an entry point ahead of its first listing, presented as an earlier position on the curve.