Bitmine acquires 15,112 Ethereum, raising total to 6.02M ETH

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BitMine disclosed another weekly Ethereum purchase of 15,112 ETH and said its holdings reached 6,016,414 ETH as of Oct. 4–5. Several outlets also put the company near 5% of Ethereum supply and noted a mix of staking, liquid assets and total treasury value alongside the update.

Key claims & sources

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The same update put the company just under its stated goal of owning 5% of Ethereum’s supply.
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Another report described the new position as about 4.9% of supply and 99% of the way to the company’s “Alchemy of 5%” target.
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One filing-based report said the week’s buy was smaller than the 17,362 ETH purchased the week before and was the company’s smallest weekly buy since the week to Aug. 16, when it added 9,926 ETH.
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A separate update said BitMine had 5.07 million ETH staked, which was 84% of its holdings, and projected annualized staking revenue of $363 million.
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That same report placed BitMine’s total crypto, cash, marketable securities and moonshot holdings at $17.4 billion.
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BitMine said it bought 15,112 ETH over the previous week and lifted its holdings to 6,016,414 ETH as of Oct. 4 at 18:30 ET.
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One market note said BitMine stock traded higher on Oct. 5 after the company disclosed the Ethereum purchase and updated its treasury figures.

Market reaction i

EthereumETH the event is about this asset

Ethereum fell 0.5% in the 4 hours after the first headline, after a flat 2 hours before.

$2,711 price at the headline
0.0% 2 h before
-0.5% 4 h after
+0.1% 12 h after
First headline

48 prices, one every 30 minutes

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 5 12:44
Crypto Briefing scoop
Breaks the event
+1 h 11 m
Oct 5 13:55
+2 h 9 m
Oct 5 14:54
+2 h 10 m
Oct 5 14:55
CP CryptoPotato adds
Breaks the figures down; the largest, $17.4B, with quotes
+2 h 37 m
Oct 5 15:22
Crypto Economy adds
Adds $363M, with quotes
+6 h 15 m
Oct 5 18:59
MEXC echo
No new facts: concentration, treasuries, guaranteed; with quotes
+22 h 54 m
Oct 6 11:39
The Coin Republic echo
No new facts: cryptocurrency, investments, identified

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