On August 28th, according to CryptoISO, BitMine has reported holding over 1.7 million ETH. In order to reach the reserve target of 5% of the Ethereum supply, an additional purchase of approximately 4.3 million ETH is needed. At the current price ($4534), this transaction would cost around $19.5 billion. When the ETH price approaches $4200, this cost will decrease to around $18.2 billion. The estimated daily trading volume of ETH is between $30 billion and $50 billion.
