BitMine Brings Ethereum Reserve Close to 5% of Supply

As institutional accumulation steps continued during a period marked by a flat and cautious trend in the crypto asset market, BitMine brought its reserves to a critical threshold of circulating supply. The company added 10,452 ETH to its portfolio last week, raising its total holdings to 6,051,933 ETH.

With the latest purchase, the reserve held by BitMine reached approximately 4.95% of the global Ethereum supply. According to company data, 5.23 million ETH in the portfolio was staked to participate in network security and generate yield. The staked amount corresponds to approximately 86% of the total Ethereum reserve disclosed by the company.

What did BitMine's total Ethereum holdings reach?

Taking steps on the equity side in parallel with its Ethereum purchases, BitMine bought back 2.04 million of its shares at an average price of $22.48 per share during the same week. As a result, the number of shares the company repurchased throughout 2026 reached 22.9 million, while the total cost of these transactions reached approximately $399.6 million. The company's total size, covering its crypto assets, cash position, marketable securities, and other investments, was reported at approximately $15 billion.

What are the latest prices and volume in the crypto market?

In trading on October 26, when no prominent macro catalyst stood out on the market side, Ethereum moved at the $2,322.76 level with a daily decline of 0.19%. With the asset's daily range shaping up between 2,294.34 and $2,333.26, its 24-hour trading volume stood at approximately $8.4 billion. Meanwhile, leading crypto asset Bitcoin traded at $80,228.65 with a limited gain of 0.24% over the same timeframe, while its 24-hour trading volume reached approximately $19.4 billion.

This content is for information purposes only and does not constitute investment advice.