Bitmine Acquires 8,573 ETH, Closing in on 5% of Ethereum Supply
Bitmine's latest purchase brings its Ethereum holdings to nearly 5% of the total supply, with the company now holding over 6 million ETH.
Bitmine's latest purchase brings its Ethereum holdings to nearly 5% of the total supply, with the company now holding over 6 million ETH. Ethereum (ETH) is trading at $2,253.88, up 0.4% since this brief published. This is an original TLT brief synthesising 2 outlets (Cointribune, Crypto.news), with their figures cross-checked, plus live market data, as of Tue, 03 Nov 2026 09:00:05 UTC.
This significant accumulation by Bitmine highlights growing institutional interest in Ethereum and could potentially influence market dynamics as the company approaches its 5% ownership target.
- Bitmine bought 8,573 ETH, bringing its total holdings to 6.06 million tokens.
- The company now holds 4.96% of Ethereum's total supply, nearing its 5% goal.
- Ethereum's price is currently around $2,244, with a market cap of $274.17B.
Cointribune and Crypto.news both report that Bitmine purchased 8,573 ETH, increasing its total holdings to 6.06 million tokens and bringing its stake to 4.96% of Ethereum's supply. They agree on the 5% target and the current Ethereum price near $2,290. However, Crypto.news provides the additional detail that Bitmine's staked Ethereum position is 5.22 million ETH, a figure not mentioned by Cointribune.
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- Bitmine Acquires 8,573 ETH, Closing in on 5% of Ethereum Supply — this brief
Bitmine has further increased its 
Ethereum holdings by purchasing an additional 8,573 ETH, according to reports from Cointribune and Crypto.news. This latest acquisition brings the company's total Ethereum holdings to 6,060,506 tokens.
With this purchase, Bitmine now holds approximately 4.96% of Ethereum's total supply, just 49,494 ETH short of its 5% target. The company's strategic accumulation indicates a strong interest in Ethereum and could potentially impact market dynamics as it approaches its ownership goal.
The reports from both outlets corroborate the 5% target and the current Ethereum price near $2,290. However, Crypto.news provides the additional detail that Bitmine's staked Ethereum position has reached 5.22 million ETH, suggesting a significant long-term commitment to the cryptocurrency.
Ethereum is currently trading at $2,243.94, marking a 1.84% decrease over the past 24 hours and a 3.04% decline over the past week. The broader cryptocurrency market is also experiencing a downturn, with the total market cap at $2.63 trillion and the Fear & Greed Index at 26, indicating a 'Fear' sentiment.
The accumulation of Ethereum by Bitmine underscores the growing institutional interest in the cryptocurrency. As the company nears its 5% ownership target, market participants will be watching closely to see how this affects Ethereum's price and overall market dynamics.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from $2,243.94 to $2,253.88 — +0.44%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.11M (about $2,253.88), down 1.8% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 3, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitmine Acquires 8,573 ETH, Closing in on 5% of Ethereum Sup — questions & answers
How much Ethereum does Bitmine currently hold?
Bitmine holds 6,060,506 ETH, which is 4.96% of Ethereum's total supply.
What is Bitmine's target for Ethereum holdings?
Bitmine aims to hold 5% of Ethereum's total supply.
How much Ethereum did Bitmine recently purchase?
Bitmine purchased 8,573 ETH.
How much is 1 Ethereum worth in naira today?
About ₦3.11M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,253.88. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.44% since this brief first published — trading at $2,253.88 now versus $2,243.94 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointribune, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.