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CryptoMediumUpdated×4•Originally published 28 September 2026•Updated 28 September 2026•
1 min read

Bitmine Surpasses 6 Million ETH Holdings Following New Purchase

3D Ethereum logo next to an open safe filled with gold Ethereum coins, a green upward arrow, and a bar chart.

Key Facts

1Bitmine purchased an additional 17,362 ether, bringing its total holdings to over 6 million ETH.
2The company now owns approximately 4.9% of the total circulating supply of ether.
3Bitmine's total investments in crypto, cash, and other assets currently stand at $17.2 billion.

Bitmine purchased an additional 17,362 ether, bringing its total holdings to over 6 million ETH. Reuters reported that the company, led by Tom Lee, now owns approximately 4.9% of the total circulating supply of the cryptocurrency.

The total value of Bitmine's investments in crypto, cash, and other assets currently stands at $17.2 billion. This acquisition aligns with the firm's strategy to strengthen its position as one of the largest institutional holders of digital assets through continued Ethereum accumulation.

Latest Updates · 3

  1. Notable·

    Update: Bitmine Immersion Technologies has placed 5.07 million ETH into staking mechanisms. This amount represents 84% of the company's total cryptocurrency holdings as of September 28, 2026.

  2. Notable·

    Update: Bitmine's latest purchase was valued at approximately $46 million. The company is now 104,000 ETH short of reaching its strategic goal of owning 5% of the total circulating supply.

  3. Notable·

    Update: Bitmine CEO Tom Lee projects that these holdings will generate $358 million in annual staking revenue. Lee noted that this figure could increase to $424 million once the company's entire cryptocurrency treasury is fully staked.