Bitmine buys 8,573 ETH to reach 6.06 million tokens
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Bitmine Immersion Technologies acquired 8,573 ETH over the past week, bringing its total treasury to 6.06 million tokens, or 4.9% of Ethereum's supply.
Bitmine Immersion Technologies acquired 8,573 Ethereum (ETH) over the past week, bringing its total treasury to 6,060,506 ETH, the company announced on November 2, 2026. The corporate holding represents roughly 4.9% of Ethereum's circulating supply of 122.2 million tokens. Valued at $2,261 per ETH as of November 1, the tokens were worth approximately $13.7 billion.
According to a company release reported by tradingview.com, Bitmine's overall portfolio of cryptocurrency, cash, and marketable securities reached $14.5 billion. The balance sheet includes 216 Bitcoin (BTC), $498 million in cash and marketable securities, a $180 million stake in Beast Industries, and $82 million in Eightco Holdings. Crypto.news reported that the company has staked 5,227,037 ETH, valued at $11.8 billion, through its validator network and institutional partners.
Bitmine Chairman Tom Lee noted that the firm has added to its ETH position weekly since launching the strategy on June 30, 2025. The company's stated goal is to acquire 5% of the total ETH circulating supply, leaving a remaining target of about 49,500 tokens.
Key facts
- 8,573 ETH bought
- 6.06M total ETH held
- $13.7B ETH valuation
- 4.9% of circulating supply
Read the original at crypto.news