Bitmine's Ethereum Holdings Approach 5% of Total Supply
Bitmine Immersion Technologies now holds 4.9% of Ethereum's circulating supply, nearing its 5% accumulation target.
Bitmine Immersion Technologies now holds 4.9% of Ethereum's circulating supply, nearing its 5% accumulation target. Ethereum (ETH) is trading at $2,511.92, down 0.8% since this brief published. This is an original TLT brief synthesising 5 outlets (Bitcoin.com, TronWeekly, Unchained, and others), with their figures cross-checked, plus live market data, as of Mon, 12 Oct 2026 17:30:03 UTC.
Bitmine's significant Ethereum holdings could influence market dynamics and potentially impact ETH's price and liquidity. The company's accumulation strategy highlights institutional interest in Ethereum as a long-term asset.
- Bitmine Surpasses 6M ETH, Closing In on 5% of Ethereum Supply ↗
- Bitmine’s ETH holdings reach 4.9% of Ethereum supply, near 5% goal ↗
- Tom Lee's Bitmine Buys 12,532 ETH, Nears 5% Ethereum Target ↗
- BitMine Holds 6.03M ETH as Buying Nears 5% Supply Target ↗
- Tom Lee's Bitmine Nears 5% of Ether Supply, Trims Weekly Buy to 12,532 ETH ↗
- Bitmine holds 6.03M ETH, worth $16.2B, representing 4.9% of Ethereum's supply.
- The company acquired 12,532 ETH in the past week.
- Ethereum's price is $2,531.69, with a market cap of $309.2B.
- Bitmine's holdings are approaching 5% of Ethereum's total supply.
Both Bitcoin.com and TronWeekly report that Bitmine Immersion Technologies holds 6.03 million ETH, which is approximately 4.9% of Ethereum's circulating supply. They agree that the company is nearing its 5% accumulation target. However, TronWeekly provides the additional detail that Bitmine acquired 12,532 ETH over the past week, while Bitcoin.com emphasizes the company's ambitious target and signals that most planned purchases are complete.
- BitMine's Massive Ethereum Accumulation Could Trigger Demand Cliff
- Bitmine Increases Ethereum Holdings by 12,532 ETH Amid Bullish Forecast
- Bitmine's Ethereum Holdings Approach 5% of Total Supply — this brief
Bitmine Immersion Technologies has amassed a significant portion of 
Ethereum's supply, with its holdings now totaling 6.03 million ETH. This represents 4.9% of the cryptocurrency's circulating supply, according to disclosures from the company on October 12.
The company's accumulation strategy has been steadily progressing, with TronWeekly reporting an additional 12,532 ETH acquired in the past week. This brings Bitmine closer to its 5% target, a milestone that has been a focal point of its strategic planning.
The figures are corroborated by both 
Bitcoin.com and TronWeekly, which agree on the 4.9% figure and the 6.03 million ETH total. However, TronWeekly provides the specific detail of the 12,532 ETH weekly acquisition, while Bitcoin.com emphasizes the company's ambitious target and signals that most planned purchases are complete.
The broader market context shows a total crypto market cap of $2.87 trillion, with Ethereum's price at $2,531.69, representing a 24-hour increase of 0.05% but a 7-day decrease of 6.52%. Ethereum's market cap stands at $309.2 billion.
Bitmine's substantial Ethereum holdings could have implications for market liquidity and price dynamics. The company's accumulation strategy underscores institutional interest in Ethereum as a long-term asset, which could influence investor sentiment and market trends.
Since this brief published about 3 hours ago, Ethereum (ETH) has moved from $2,531.69 to $2,511.92 — -0.78%.
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 ≈ ₦3.43M (about $2,511.92), down 1.3% over 24 hours. The naira itself trades about 2.7% 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.
2 key figures 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.
Bitmine's Ethereum Holdings Approach 5% of Total Supply — questions & answers
How much Ethereum does Bitmine hold?
Bitmine holds 6.03 million ETH, representing 4.9% of Ethereum's circulating supply.
What is Bitmine's accumulation target?
Bitmine is nearing its 5% accumulation target for Ethereum.
How much Ethereum did Bitmine acquire in the past week?
Bitmine acquired 12,532 ETH in the past week.
How much is 1 Ethereum worth in naira today?
About ₦3.43M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,511.92. 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 down 0.78% since this brief first published — trading at $2,511.92 now versus $2,531.69 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 Bitcoin.com, TronWeekly, Unchained, CoinCodex, The Cryptonomist, 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.