Bitmine, a major corporate buyer of Ethereum (ETH), plans to halt its purchases once its holdings reach 5% of the total circulating ETH supply. Currently, Bitmine holds about 4.9% of the supply, with roughly 100,000 ETH left to buy to hit the target. At its recent buying pace, it could take six to seven weeks to reach this threshold. This marks the planned end of Bitmine's Ethereum accumulation strategy, which began in June 2025, rather than a signal of further buying beyond 5%.
Bitmine's plan to stop buying Ethereum at 5% of circulating supply provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 07, 2026 21:23 WIB: out of 50 major cryptocurrencies tradable on Pluang, 5 rose and 43 fell today. Notable movers include ENJ (Enjin Coin) down 11.93% at Rp523 with 69% sell orders, EGLD (MultiversX) down 11.73% at Rp71,582 with 57% sell orders, and BAL (Balancer) up 11.14% at Rp16,297.
BNP Paribas lowered Hormel Foods' price target from $26 to $23, indicating a potential 16.2% upside from its current price of around $19.80. Despite a 50.5% decline in its share price over five years, Hormel Foods remains attractive for dividend inve...
Barclays initiated coverage of Becton, Dickinson and Company (BDX) with an "Underweight" rating, indicating a cautious outlook for the medical technology stock. BDX is partnering with the U.S. government to boost domestic manufacturing and strengthen...
Morgan Stanley increased its price target for Eli Lilly to $1,430 from $1,419, maintaining an Overweight rating. This new target implies a potential upside of about 20.8% from the current share price of around $1,184. The adjustment reflects updated ...
Jito Labs has introduced JTX, a new self-custodial trading platform on the Solana blockchain. The platform supports spot trading of tokens, memecoins, tokenized equities, and ETFs, providing professional-grade execution tools. This launch aims to emp...
Evernorth's $1 billion XRP-only fund, initially set to debut on NASDAQ on October 8, 2026, has been postponed to October 12 due to an administrative delay. This delay does not affect the recent merger approval by Armada II shareholders or the fund's ...
