Scenario description
Assume BitMine completes enough additional Ethereum accumulation to publicly report ETH holdings equal to at least 5.0% of Ethereum supply, and it maintains reported holdings at or above that 5.0% concentration through 2027-03-31. The geography is global Ethereum markets and BitMine’s corporate treasury, custody and staking counterparties. The known starting point from MarketBrief is 6,016,414 ETH as of Oct. 4, about 4.9% of a reported 122.1 million ETH supply, with 5,067,309 ETH of reserves reported as staked; the exact additional ETH required may vary with supply changes and any later company disclosures.