Bitmine’s ETH holdings reach 4.9% of Ethereum supply, near 5% goal
Bitmine’s ETH holdings reached 6.03 million tokens in its October 12, 2026 update, putting the company near its target of owning 5% of Ethereum’s supply. Its combined crypto, cash, marketable securities and “moonshot” investments totaled $16.2 billion, while Chairman Thomas “Tom” Lee argued that purchases during the bear market had positioned it for an expected […]
Bitmine’s ETH holdings reached 6.03 million tokens in its October 12, 2026 update, putting the company near its target of owning 5% of Ethereum’s supply. Its combined crypto, cash, marketable securities and “moonshot” investments totaled $16.2 billion, while Chairman Thomas “Tom” Lee argued that purchases during the bear market had positioned it for an expected […]