Bitmine lifts Ethereum stash past 6 million tokens with 15,112 ETH purchase
Bitmine Immersion Technologies acquired 15,112 ether over the past week, expanding its treasury to over 6.01 million tokens and moving within roughly 89,000 ETH of its 5% supply target.
Bitmine Immersion Technologies bought 15,112 ETH in the week through Oct. 4, valued at approximately $41 million based on the $2,726 Coinbase price cited by the firm. The latest addition pushed Bitmine's total holdings to 6,016,414 ETH—worth around $16.4 billion and accounting for roughly 4.9% of Ethereum's 122.1 million token supply.[2][1][6]
With the latest buy, Bitmine announced it has achieved 99% of its "Alchemy of 5%" accumulation goal, leaving it about 89,000 ETH short of holding 5% of circulating ether. The purchase represented a second straight week of decelerating additions, tapering from 17,362 ETH the week prior, in line with Chairman Tom Lee's earlier comments that buying would likely ease as the firm neared its target.[2][1][5]
Bitmine's broader balance sheet climbed to $17.4 billion across crypto, cash, and outside investments as of Oct. 4. That total includes 5,067,309 staked ETH—about 84% of its holdings, projected to generate $363 million in annualized staking revenue—as well as 214 bitcoin, a $180 million stake in Beast Industries, $117 million in Eightco Holdings shares, and $643 million in cash and marketable securities. Emphasizing ether's momentum, Lee remarked that ether is "dwarfing other macro assets" after outperforming the S&P 500 by 6,832 basis points in the third quarter.[2][3][7]
Key facts
- Bitmine acquired 15,112 ETH in the week ending Oct. 4, valued at roughly $41 million at a $2,726 reference price.
- Bitmine's total holdings reached 6,016,414 ETH, worth about $16.4 billion and representing 4.9% of Ethereum's 122.1 million supply.
- The company is 99% of the way toward its "Alchemy of 5%" accumulation target, leaving it about 89,000 ETH short.
- The 15,112 ETH purchase marked a second consecutive week of smaller buys, slowing from 17,362 ETH the previous week.
- Bitmine has 5,067,309 ETH staked, representing approximately 84% of its holdings, projected to generate $363 million in annualized staking revenue.
- Bitmine's total portfolio of crypto, cash, and outside investments was valued at $17.4 billion as of Oct. 4.
- Chairman Tom Lee reported that Ethereum outperformed the S&P 500 by 6,832 basis points in the third quarter.
Sources · 7 sources
- DE
DecryptArticle ·
Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target The purchase lifts Bitmine's stash past 6 million ETH—4.9% of supply and 99% of the way to its "Alchemy of 5%" goal—as chairman Tom Lee says Ethereum is "dwarfing" other macro assets.
Open source - UN
UnchainedArticle ·
Tom Lee’s Bitmine Slows Ether Buying for a Second Straight Week, Adding 15,112 ETH Bitmine Immersion Technologies bought 15,112 ETH in the week through Oct. 4, the Ethereum treasury company said Monday. It was the second straight week of smaller purchases and the lightest week since its Aug. 17 update. The buying took Bitmine to 6,016,414 ETH as of 6:30 p.m. ET on Oct. 4. At the $2,726 Coinbase price the company used, that stash is worth roughly $16.4 billion . Bitmine counts it as 4.9% of ether’s 122.1 million supply, leaving it about 89,000 ETH short of the 5% target it calls the “Alchemy of 5%.” “Over the past week, we acquired 15,112 ETH. Bitmine’s track record of consistent buying of crypto is unmatched by any public company in the world,” Chairman Tom Lee said in the release. With cash and outside investments included, Bitmine put its total holdings at $17.4 billion , up from $17.2 billion a week earlier. The tally also listed 214 bitcoin, a $180 million stake in Beast Industries, $117 million in Eightco Holdings shares and $643 million in cash and marketable securities, down from $672 million. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Purchases Keep Shrinking Bitmine added 17,362 ETH in the week it passed 6 million tokens , and 53,501 ETH in the update it filed on Aug. 31. Its Aug. 17 update had shown 9,926 ETH added. Lee said in May that the company would probably ease its pace as it got close to 5%. In Monday’s release, he said Bitmine has bought ether every week since starting its treasury strategy on June 30, 2025. Lee Points to the Stock “In the first 9 months of 2026, ETH declined 10% while BMNR was down by 3%, or outperformance of 731bp,” Lee said. He tied that partly to what he called “the largest ever crypto treasury equity buyback,” saying the company has repurchased 21 million of its shares in 2026. Bitmine’s staked ether held at 5,067,309 ETH , about 84% of its holdings and the same count it has reported each week since at least mid-August. Lee projected $363 million in annualized staking revenue from that amount at a seven-day yield of 2.63% , and $431 million a year if all of Bitmine’s ether were staked. Lee is scheduled to give a keynote at Token2049 in Singapore on Oct. 7. Related Listen: How the New Ethlabs Plans to Make Ethereum More Intentional in Designing ETH The post Tom Lee’s Bitmine Slows Ether Buying for a Second Straight Week, Adding 15,112 ETH appeared first on Unchained .
Open source - TB
The BlockArticle ·
Tom Lee says ether ‘dwarfing other macro assets’ as Bitmine adds 15,112 ETH Bitmine added 15,112 ETH as Chairman Tom Lee said Ethereum outperformed the S&P 500 by 6,832 basis points in Q3.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Tom Lee's Bitmine $BMNR bought 15,112 ethereum:native over the past week, taking its total holdings to 6.02 million ETH. The company said its crypto, cash, marketable securities, and other investments totaled $17.4 billion as of Oct. 4. https://t.co/FxS29zoBBS
Open source - LS
Laura Shin@laurashinPost on X ·
Bitmine bought 15,112 ETH last week, down from 17,362 the week before. It now holds 6,016,414 ETH, about 89,000 short of its goal of owning 5% of ether's supply. https://t.co/To2ImMUgwt
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨BITMINE JUST BOUGHT ANOTHER 15,112 ETH! Bitmine added 15,112 ethereum:native over the past week, about $41 million at the $2,726 price in the release. Holdings are now 6,016,414 ethereum:native, 4.9% of supply, and the company says it is 99% of the way to its 5% target. Total crypto, cash and stakes are $17.4 billion.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
BitMine Buys Another 15,112 ETH, Holdings Rise to 6.02M ETH BitMine said it acquired 15,112 ETH over the past week, bringing total holdings to 6,016,414 ETH as of October 4, or about 4.9% of Ethereum’s 122.1 million supply. The company said it is now 99% of the way toward its stated goal of owning 5% of all ETH. BitMine has 5,067,309 ETH staked, while its total crypto, cash, marketable securities and other investments were valued at $17.4 billion.
Open source