BitMine Buys 12,500 More Ether Worth $33.65 Million, Raising Holdings to 4.9% of Total Supply
BMNR has more than doubled off its 52-week low of $12.8.
Summary
BitMine purchased 12,500 ETH for $33.65 million on Oct. 6, 2026, according to OnchainLens. The acquisition brings its total Ethereum holdings to approximately 4.9% of the token's total supply of 122.1 million ETH. This is a continuation of the company's 'Alchemy of 5%' strategy, moving it closer to its stated goal of securing 5% of Ethereum's supply. The purchase follows a series of weekly ETH acquisitions reported throughout the summer, with holdings previously at 6,001,302 tokens as of Sep 21. The new buy adds to the company's already massive crypto treasury, which stood at over $11 billion in total crypto and cash as of the last 8-K.
At the time of this announcement, BMNR was trading at $26.31 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $15.8B. The 52-week trading range was $12.80 to $65.60. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Bloomingbit.