# Bitmine’s Ether (ETH) Holdings Reach 4.97% as Buying Slows By John Kim Canonical URL: https://www.tokenpost.com/news/business/53870 Published: 2026-11-11T11:17:42.000Z Updated: 2026-11-11T11:17:42.000Z Section: Business > The company added 9,587 ETH in the week before its Nov. 10 update and needs about 35,000 more tokens to reach its stated ceiling. Bitmine added 9,587 Ether (ETH) last week, bringing its holdings to 4.97% of supply and leaving the treasury company about 35,000 tokens short of its 5% target, where purchases are due to stop. Bitmine disclosed 6,070,092 ETH on Nov. 10, valued at about $13.6 billion. The position was 99% of its stated goal. The company began its Ether treasury strategy June 30, 2025. Chairman Tom Lee said in October that 5% would be a firm limit and Bitmine would not accumulate above it. The company had previously [set the 5% level as a buying ceiling](). The buying pace has eased from its earlier peak. Bitmine added more than 4.1 million ETH in the second half of 2025, with weekly additions at times reaching 100,000 to 200,000 ETH. Over the past two months, weekly net additions have been about 8,000 to 15,000 ETH, equivalent to $20 million to $30 million. The latest 9,587 ETH addition falls within that range. Daily Ether trading volume can reach tens of billions of dollars, while spot Ether exchange-traded fund flows can exceed $100 million in a single day. Other Ether treasury firms include SharpLink, with about 870,000 ETH, and The Ether Machine, with about 496,000 ETH. Those firms’ market capitalization and discounts to net asset value can limit their ability to match Bitmine’s earlier accumulation pace. ETF flows tend to follow market direction, making them less consistent as a source of demand. More than 80% of Bitmine’s Ether holdings are in staking nodes. Under Lee’s stated policy, reaching the 5% ceiling would halt new purchases. ## Links in this article - [set the 5% level as a buying ceiling](https://www.tokenpost.com/news/investing/39822)