Bitmine Reports 9,587 Ether Buy, Holds 4.97% of ETH Supply

Bitmine Immersion Technologies, Inc. reported buying 9,587 Ether (ETH) last week and separately listed 6,070,092 ETH in holdings as of Nov. 8, a position equal to 4.97% of supply. The Nov. 9 update used a total supply figure of 122.2 million ETH. Bitmine said it is nearing its goal of owning 5% of the supply, a target it calls the “Alchemy of 5%.” The reported purchase follows a purchase of 8,573 ETH the previous week . A holdings snapshot at 2 p.m. ET (19:00 UTC) Nov. 8 showed 6,070,092 ETH. Separately, Bitmine reported 5,227,037 ETH staked as of Nov. 8, about 86% of its holdings. That staked balance was unchanged from its Nov. 1 update.

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