This decision caps a 15 month accumulation phase during which BitMine grew its holdings to over 6 million tokens. The firm acquired 15,112 ETH last week, slightly fewer than the 17,362 it bought the week prior. As of October 4, BitMine reported that its total pool of crypto, cash, and marketable securities was valued at $17.4 billion.
Wednesday, October 21, 2026
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BitMine Caps Ethereum Accumulation at 5% of Total Supply
Crypto14 days ago
The investment company led by Tom Lee added 12,500 ETH to its reserves via BitGo for $33.65 million on October 6, according to on-chain analysis. BitMine now holds 6,016,414 tokens, or approximately 4.9% of the network supply, leaving it about 89,000 tokens shy of its target. Fundstrat announced that the firm will stop acquiring the asset once it reaches that 5% threshold.
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