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BitMine nears 5% of Ethereum supply with 8,573 ETH added, now holding 6.06M ETH worth $14.5B.

Protocol Fundamentals
02 Nov 2026, 16:58 WIB
Altcoin Buzz
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Bullish
BitMine nears 5% of Ethereum supply with 8,573 ETH added, now holding 6.06M ETH worth $14.5B.

BitMine Immersion Technologies has increased its Ethereum holdings by 8,573 ETH, bringing its total to 6,060,506 ETH, close to 5% of the circulating supply. The company, led by Tom Lee, has steadily bought ETH weekly since June 2025, aiming to reach 5% of Ethereum's 122.2 million supply, or about 6.11 million ETH. Around 86% of BitMine's ETH is staked, generating projected annual rewards of $358 million, with plans to increase staking revenue. BitMine's total assets, including Bitcoin and other investments, are valued at approximately $14.5 billion. The company continues to expand its Ethereum treasury and staking operations, focusing on long-term growth in Ethereum-based financial infrastructure.

BitMine's recent Ethereum accumulation provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 02, 2026 22:01 WIB: out of 50 major cryptocurrencies priced, 6 rose and 43 fell. Notable movers include BAL (Balancer) at Rp16.297 with an 11.14% increase and EOS (EOS.IO) at Rp12.649 with an 8.13% increase, while BAT (Basic Attention Token) declined by 6.17% with a 73% sell order activity and a typical hold time of 93 days on Pluang.

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