Bitmine Adds 8,573 Ether as Holdings Near 5% of Supply Goal

Bitmine Immersion Technologies added 8,573 Ether (ETH) in its latest weekly purchase, lifting its holdings to 6,060,506 as Chairman Tom Lee judged the crypto market’s muted response to Binance’s losses constructive. As of 4 p.m. ET Nov. 1, Bitmine’s ETH was valued at $2,261 per token, putting the position at about $13.7 billion. The holdings equaled 4.9% of its stated 122.2 million ETH supply denominator. Bitmine described itself as 99% of the way to its self-set goal of holding 5% of the supply. The purchase extends a weekly program launched with Bitmine’s ETH treasury strategy on June 30, 2025.