# Bitmine Reports 9,587 Ether Buy, Holds 4.97% of ETH Supply By John Kim Canonical URL: https://www.tokenpost.com/news/business/52994 Published: 2026-11-10T10:24:17.000Z Updated: 2026-11-10T10:24:17.000Z Section: Business > Bitmine listed 6,070,092 ETH in holdings as of Nov. 8, nearing its stated goal of owning 5% of the 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. Using a trailing seven-day staking yield of 2.65%, the company estimated annualized rewards of $309 million. Its previous estimate was $358 million at a 3.03% yield. Bitmine valued its crypto assets, cash, marketable securities and other investments at $14.3 billion. The total included 216 Bitcoin (BTC) and $475 million in cash and marketable securities. Bitmine Chairman Thomas “Tom” Lee said the company has bought ETH each week since starting its treasury strategy on June 30, 2025. ## Links in this article - [purchase of 8,573 ETH the previous week](https://www.tokenpost.com/news/business/46851)