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BreakingCrypto

Bitmine Nears 5% of Ethereum Supply After 28,086 ETH Purchase

First Detected: Sep 8, 2026, 1:57 PM
Last Update: about 2 hours ago
11 articles·2 stories

Event Summary

Bitmine acquired an additional 28,086 ETH on September 8, bringing its total treasury to 5.93 million tokens. This purchase places the company in control of approximately 4.9% of Ethereum's circulating supply, valued at roughly $14.8 billion. While Bitmine has now achieved 97% of its goal to own 5% of the total supply, it currently faces a $5.1 billion unrealized loss on its main treasury asset.

Timeline

Bitmine Nears 5% of Ethereum Supply After 28,086 ETH Purchase
Sep 8, 2026, 1:57 PMImpact: 5

Price Impact

Since event start
ETH+0.86%