Bitmine bought more. In a company announcement on October 5, it said it had added 15,112 ETH over the past week, bringing its total holdings to approximately 6.016 million ETH, or 4.9% of the total supply. About 5.067 million of those ETH have been staked.
It’s now close to its 5% target. What’s worth watching next is whether it keeps buying after reaching that goal, and whether its buying pace changes. After all, new money flowing in every week has a different market impact from holding coins it already owns and earning staking rewards.
That’s one way to keep track of the company going forward: focus less on which round-number milestone its total holdings have passed, and more on how much it actually adds each week. Large investors’ purchases are certainly worth noting, but don’t treat their buy orders as a promise that your own investment is protected.
Data as of October 4, 2026; source: Bitmine company announcement dated October 5
https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-02-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-17-4-billion-302898094.html
It’s now close to its 5% target. What’s worth watching next is whether it keeps buying after reaching that goal, and whether its buying pace changes. After all, new money flowing in every week has a different market impact from holding coins it already owns and earning staking rewards.
That’s one way to keep track of the company going forward: focus less on which round-number milestone its total holdings have passed, and more on how much it actually adds each week. Large investors’ purchases are certainly worth noting, but don’t treat their buy orders as a promise that your own investment is protected.
Data as of October 4, 2026; source: Bitmine company announcement dated October 5
https://www.prnewswire.com/apac/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-02-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-17-4-billion-302898094.html