Bitmine Buys 9,587 ETH, Lifting Holdings to 6.07 Million

Bitmine Immersion Technologies (BMNR) bought 9,587 ETH over the past week, the company said on Monday, Nov. 9. It now holds 6,070,092 ETH, or 4.97% of the 122.2 million ether in circulation.

Details

The company press release gives figures as of 2:00 PM ET on Nov. 8. Ether is valued at $2,234, so the week's purchase works out to roughly $21.4 million, our own calculation. Some 5,227,037 ETH, about $11.7 billion, is staked. Total crypto, cash and marketable securities come to $14.3 billion. A week earlier Bitmine reported $14.5 billion and a purchase of 8,573 ETH (see our previous note).

The release was also summarized by ChainCatcher and flagged by the aggregator Wu Blockchain.

What this means for the market

Bitmine has bought ETH every week since June 30, 2025, according to the release. It is about 40,000 ETH short of 5% of supply, our own calculation at the current 122.2 million supply. Weekly purchases remain modest, and the value of its holdings has slipped along with the ETH price. For the live ETH price see the Ethereum page; for the wider picture, the daily summary.