$ETH Bitmine has continued its aggressive Ethereum accumulation, purchasing 27,562 ETH worth approximately $75.2 million based on $ETH Monday’s ETH price. The latest purchase brings Bitmine’s holdings to around 5.98 million ETH, representing more than 4.9% of Ethereum’s circulating supply. �

CoinDesk +1

Bitmine Chairman Tom Lee said he believes the crypto bull market began in late June and expects institutional investors to increase their crypto exposure during the final three months of 2026. He described Ethereum’s strong third-quarter performance as a potential setup for further upside in Q4. �

The Block

📊 Why ETH Is Getting Attention

🟢 Bitmine added 27,562 ETH

💰 Purchase value: approximately $75.2M

🏦 Bitmine holdings: approximately 5.98M ETH

📈 $ETH ETH has significantly outperformed the S&P 500 since the end of June

🏛️ Institutional crypto exposure could become an important market factor in Q4