Bitmine's Ether Holdings Pass 6 Million After Smallest Weekly Purchase Since August
Bitmine Immersion Technologies holds 6,001,302 ETH, 4.9% of ether supply, after adding 17,362 ETH in the week through Sept. 27, its smallest weekly buy since Aug. 17.
Why it matters
Bitmine's stake sits about 104,000 ETH short of 5% of ether supply, a level the company calls Alchemy of 5%, so its weekly purchase totals are the clearest public measure of how fast a single corporate holder approaches that threshold. The latest total was less than a fifth of what it bought per week in May, and the cash portion of its treasury fell week over week, so the pace of accumulation is visibly slowing even as the position grows.
Where the sources disagree
Reason for the smaller weekly purchase
17,362 ETH
Bitcoin.com News
27,562 ETH
Unchained
U.Today read the transfer as buying a dip after ether slipped below roughly $2,700, while Unchained linked the slowdown to Lee's May statement that Bitmine would ease off near 5%.
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
size of the holdings (eightco holdings industries)
$115 million
Crypto News (CryptoNews.net)
$672 million
Unchained
Crypto News (CryptoNews.net) reports $115 million, Unchained reports $672 million (83% apart).
reported value
27,562 ETH
Unchained
17,362 ETH
U.Today
Unchained reports 27,562 ETH, U.Today reports 17,362 ETH (37% apart).
Key facts
Bitmine Immersion Technologies reported holding 6,001,302 ETH as of 3 p.m. ET on Sept. 27, which the company puts at 4.9% of ether's circulating supply.
6,001,302 ETHReported by Crypto News (CryptoNews.net)
Bitmine purchased 17,362 ETH in the week through Sept. 27.
17,362 ETHDisputed figureReported by Crypto News (CryptoNews.net)
Unchained reported the 17,362 ETH purchase was Bitmine's smallest weekly total since its Aug. 17 update.
17,362 ETHDisputed figureReported by Unchained
Bitmine's earlier weekly totals were 27,562 ETH the week before, 53,501 ETH in the Aug. 31 update and 9,926 ETH in the Aug. 17 update.
Disputed figureReported by Unchained
Bitmine valued its total assets at $17.2 billion, including 213 bitcoin, $672 million in cash and marketable securities, $180 million in Beast Industries shares and $115 million in Eightco Holdings shares.
17,200,000,000 USDDisputed figureReported by Crypto News (CryptoNews.net)
Unchained reported Bitmine's cash and marketable securities at $672 million, down from $714 million a week earlier.
672,000,000 USDDisputed figureReported by Unchained
Unchained put the distance to Bitmine's 5% goal, which the company calls the 'Alchemy of 5%', at about 104,000 ETH against a supply of 122.1 million ETH.
104,000 ETHReported by Unchained
What happened
Bitmine Immersion Technologies, the Nasdaq-listed ether treasury company chaired by Tom Lee, said it held 6,001,302 ETH as of 3 p.m. ET on Sept. 27 and put that at 4.9% of ether's supply. The company added 17,362 ETH in the week through Sept. 27, and Unchained reported that was its smallest weekly total since the Aug. 17 update, down from 27,562 ETH the week before and 53,501 ETH in the Aug. 31 filing. U.Today, citing Lookonchain, valued the week's purchases at $46.82 million while Bitcoin.com News described them as worth more than $46 million, and the two outlets priced the pile differently at $2,681 and $2,698 a token, both above $16 billion. Bitmine valued its total assets at $17.2 billion, listing 213 bitcoin, $672 million in cash and marketable securities, $180 million in Beast Industries shares and $115 million in Eightco Holdings shares, and Unchained said the cash figure had fallen from $714 million a week earlier. Unchained put the shortfall to Bitmine's self-described 'Alchemy of 5%' goal at about 104,000 ETH against a supply of 122.1 million, and reported that Lee told the Consensus Miami conference in May that the company would slow its buying as it closed in on 5%, when it was buying more than 100,000 ETH a week. U.Today read the week's transfer as dip buying after ether dropped below its recent high of around $2,700, while Unchained tied the slower pace to Lee's earlier plan to ease off near the 5% mark.
How the story developed
- Official statement
Bitmine releases holdings of 6,001,302 ETH and a Tom Lee statement
The company said the total was accumulated in under 15 months and that it saw positive signs of a crypto bull market that began in late June.
- First report
First report by Crypto News (CryptoNews.net)
The Rise Has Slowed, But Buying Continues: Notable Activity in Bitcoin, Ethereum, and Solana! Here Are the Details
- Update
Crypto News reports Bitmine's 6,001,302 ETH holding and a 17,362 ETH weekly purchase
The report cited Bitmine's announcement of 4.9% of ether supply and $17.2 billion in total assets.
- Official statement
Official statement from Bitcoin.com News
Tom Lee’s Bitmine Hits 6 Million Ether Milestone With $46M Buy
- Update
Bitcoin.com News describes the 6 million ETH mark and the week's $46 million buy
It reported the holdings at just above $16 billion using a price of $2,681 per coin.
- Update
Unchained corroborates the 6 million crossing and reports the smallest weekly purchase since Aug. 17
It also reported the drop in cash and marketable securities to $672 million from $714 million.
- Update
Bitmine's weekly purchase totals shrink across four consecutive updates
Unchained reported 9,926 ETH in the Aug. 17 update, 53,501 ETH in the Aug. 31 update, 27,562 ETH the week before the Sept. 27 purchase and 17,362 ETH in the week through Sept. 27.
- Update
Lee said at Consensus Miami in May that Bitmine would slow its buying near 5%
He made the remark while the company was buying more than 100,000 ETH a week.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 28 Sept 2026, 13:52 UTC: Crypto News (CryptoNews.net) — 1 independent source, 1 reports
- 28 Sept 2026, 15:05 UTC: Bitcoin.com News, official — 2 independent sources, 2 reports
- 28 Sept 2026, 15:05 UTC: Unchained — 3 independent sources, 3 reports
- 28 Sept 2026, 16:07 UTC: U.Today — 4 independent sources, 4 reports
Affected entities
Also mentioned: Michael Saylor
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Tom Lee’s Bitmine Hits 6 Million Ether Milestone With $46M Buy | Independent | |
| Crypto News (CryptoNews.net) Aggregator | The Rise Has Slowed, But Buying Continues: Notable Activity in Bitcoin, Ethereum, and Solana! Here Are the Details | Original | |
| Unchained Crypto media | Bitmine’s Ether Stash Passes 6 Million Tokens as Its Weekly Buying Slows | Independent | |
| U.Today Crypto media | Tom Lee's BitMine Buys More Ethereum to Surpass 6 Million Milestone | Syndicated |
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