Bitmine nears 5% ether supply target as weekly purchases slow
Bitmine added 12,532 ether over the past week, lifting its treasury to nearly 6.03 million ETH as management signaled that its buying campaign is largely complete.
Bitmine Immersion Technologies acquired 12,532 ether over the past week, bringing its total holdings to 6,028,946 ETH, or approximately 4.9% of Ethereum's 122.1 million token supply. The buy represents the third consecutive week of declining purchase volumes, down from 15,112 ETH and 17,362 ETH in the prior two updates. Bitmine disclosures and Chairman Tom Lee noted that the company is roughly 76,000 ETH away from its 5% accumulation goal, with management stating it is largely finished buying ETH and plans to stop once hitting the target.[7][2][8][6]
The company has staked roughly 84% of its ether treasury, leaving 5,067,309 ETH committed to staking networks. That staked balance, valued at approximately $12.9 billion, generates an estimated $336 million in annualized rewards based on a 2.61% seven-day yield. Lee projected that staking the entirety of Bitmine's ether holdings could increase annualized staking revenue to as much as $400 million.[7][1][3][5]
Bitmine reported total combined assets—spanning crypto, cash, marketable securities, and moonshot investments—of $16.2 billion, down from $17.4 billion the previous week after marking ether at $2,544 versus $2,726. Alongside its ether reserve, the firm's balance sheet includes 214 bitcoin, $612 million in cash and marketable securities, a $180 million investment in Beast Industries, and an $85 million position in Eightco Holdings.[7][4]
Key facts
- Bitmine acquired 12,532 ETH over the past week, bringing its total treasury to 6,028,946 ETH, or about 4.9% of Ethereum's supply.
- The purchase marked Bitmine's third consecutive week of smaller buys, leaving it about 76,000 ETH short of its 5% accumulation cap.
- Bitmine management indicated it is largely finished buying ETH and will stop purchasing once it reaches 5% of supply.
- Bitmine holds 5,067,309 ETH staked, generating roughly $336 million in annualized staking rewards, with potential rewards reaching $400 million if its full treasury is staked.
- Bitmine valued its total holdings across crypto, cash, securities, and other stakes at $16.2 billion, down from $17.4 billion a week earlier.
- Non-ETH assets reported by Bitmine include 214 BTC, $612 million in cash and marketable securities, a $180 million stake in Beast Industries, and an $85 million stake in Eightco Holdings.
Sources · 8 sources
- BS
BSCN@BSCNewsPost on X ·
Bitmine’s Ether Buying Spree May be Nearing its End Bitmine (@BitMNR) acquired another 12,532 ethereum:native last week, bringing its holdings to nearly 6.03 million ETH. According to Chairman Tom Lee (@fundstrat), Bitmine is close to reaching its goal of accumulating 5% of Ethereum’s supply. Bitmine currently holds about 4.9% of the total ETH supply, as stated in its recent announcement. Additionally, it had 5.07 million ETH staked worth about $12.9 billion. The company believes that its income from the stake of the entire ETH treasury can reach up to $400 million.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
BitMine Adds 12,532 ETH as Management Signals Buying Is Largely Complete BitMine said it acquired 12,532 ETH over the past week, bringing total holdings to 6,028,946 ETH, or about 4.9% of Ethereum’s 122.1 million supply. The company said it is 99% of the way toward its 5% accumulation target, with 5.07 million ETH currently staked. In its forward-looking disclosures, BitMine also noted management’s statement that the company is “largely finished buying ETH,” suggesting future purchases may slow as it approaches the target.
Open source - BC
Bitcoin.com News@BitcoinNewsPost on X ·
NEW: 💰 Bitmine now holds 6.03M $ETH, 4.9% of Ethereum's supply, with only ~76,000 ETH left to reach its 5% target. The firm has bought ETH every week since June 30, 2025, with 84% of its treasury staked (12.9B). https://t.co/z6q23oDfXR
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Tom Lee's Bitmine $BMNR acquired 12,532 ETH over the past week, bringing its holdings to 6.03 million ethereum:native. The company reported $16.2 billion in total crypto, cash, and marketable securities holdings, including 214 bitcoin:native and an $85 million stake in Eightco Holdings.
Open source - TB
The BlockArticle ·
Bitmine adds 12,532 ETH as Tom Lee flags potential ‘largest-ever’ crypto bull market Bitmine (BMNR) added 12,532 ETH last week, lifting its Ethereum treasury to 6.03 million tokens, or 4.9% of supply, with 84% staked.
Open source - DE
DecryptArticle ·
Bitmine Adds $32M in Ethereum as Tom Lee Says Firm Is Nearly 'Done Stacking' The Ethereum treasury firm now holds 6.03 million ETH, 4.9% of supply, as Lee predicts the biggest crypto bull market yet.
Open source - UN
UnchainedArticle ·
Tom Lee’s Bitmine Nears 5% of Ether Supply, Trims Weekly Buy to 12,532 ETH Bitmine Immersion Technologies (NYSE: BMNR) held 6,028,946 ETH as of Oct. 11, the Ethereum treasury company said in a press release on Monday. That stake works out to about 4.9% of ether’s 122.1 million supply, roughly 76,000 ETH below the 5% target Bitmine has chased since launching its ETH treasury strategy on June 30, 2025. The firm added 12,532 ETH during the week. That compares with 15,112 ETH in its previous update and 17,362 ETH the week before that, making this the third consecutive week of smaller purchases. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Holdings Dip to $16.2 Billion Bitmine valued its crypto, cash, marketable securities and “moonshot” stakes at $16.2 billion combined, compared with $17.4 billion a week earlier. Its ETH count grew, so the decline in part came from price declines: the company marked ether at $2,544, using Coinbase pricing, versus $2,726 in the prior update. Outside of ether, Bitmine reported 214 bitcoin, a $180 million position in Beast Industries, an $85 million position in Eightco Holdings (NASDAQ: ORBS) and $612 million in cash and marketable securities. The Eightco stake had been listed at $117 million the week before. Staked ETH sat at 5,067,309 tokens, the same figure Bitmine gave last week. Bitmine Chairman Tom Lee projected $400 million in annualized staking rewards once all of its ETH is staked, based on a 2.61% seven-day yield, against $336 million at the current level. Lee Pitches a Coming Bull Market Lee used the release to argue that Bitmine is set up for a rally he expects. With the company close to its target, he said, “we believe the company is attractively positioned ahead of the coming crypto bull.” Pointing to tokenization, wealth transfer, digital asset treasuries holding supply off the market and AI, he added that “we see the potential for this to be the largest ever crypto bull market.” He also said Bitmine’s shares fell 3% over the first nine months of 2026 while ether dropped 10%. BMNP, the 9.5% perpetual preferred stock Bitmine filed to offer in June, most recently closed at $99.53, up from its $80 issue price, according to the release. In May, Lee said Bitmine might ease its ether purchases as it approached the 5% mark. For comparison, Bitmine reported buying 53,501 ETH in its Aug. 31 update. Related Listen: Why Sharplink Never Took on Debt Like Strategy Has The post Tom Lee’s Bitmine Nears 5% of Ether Supply, Trims Weekly Buy to 12,532 ETH appeared first on Unchained .
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨BITMINE BOUGHT ANOTHER 12,532 ETH! Bitmine acquired 12,532 ethereum:native over the past week. Holdings now stand at 6,028,946 ethereum:native, about 4.9% of supply. Tom Lee said at Token2049 the company will stop buying once it reaches 5%. Total crypto, cash, and marketable securities are $16.2 billion.
Open source