Ethereum News: BitMine To Halt Buying at 5% ETH Supply Cap

In Ethereum news this week, BitMine Immersion Technologies reported holding 6,016,414 ETH as of October 4, about 4.9% of Ethereum’s supply. Chairman Tom Lee said the company will stop buying once it reaches its self-imposed 5% ceiling, and estimated that roughly 100,000 ETH remain to get there. BitMine’s weekly purchasing cadence has been a defining feature of its Ethereum treasury strategy. The company says it has bought ETH every week since the strategy began on June 30, 2025; its stated stopping point makes that pattern finite, although the company has not announced a date for reaching the ceiling. Its weekly ETH accumulation has therefore become relevant not just as a measure of treasury growth, but as a source of recurring demand. This rounds up… to x% https://t.co/UCdtpn1qL4 — Bitmine (NYSE-BMNR) $ETH $BMNP (@BitMNR) October 5, 2026 Join Coinspeaker’s $1,000 Prize Drop on BybitBitMine’s ETH Supply Target: Holdings and Remaining Gap The October 4 holdings figure comes from BitMine’s company disclosure, which puts the relevant ETH supply at approximately 122.1 million. Against that denominator, its 6,016,414 ETH position represents about 4.9%, leaving the company close to its s...