{
  "id": 6294974,
  "title": "Bitmine Buys $69M in Ether, Closes In on 5% of Ethereum Supply",
  "url": "https://urgent.news/2026/09/08/bitmine-buys-69m-in-ether-closes-in-on-5-of-ethereum-supply",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T15:19:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/bitmine-buys-69m-ether-closes-151900594.html"
  },
  "original_language": "en",
  "account": "Immersion Technologies (NYSE: $BMNR), doing business as Bitmine, recently bolstered its Ether (CRYPTO: $ETH) holdings by acquiring an additional 28,086 ETH. The transaction, valued at approximately $69.4 million when the price per ETH was around $2,472, increased the company's Ether stake to 5.93 million, accounting for about 4.9% of Ethereum's circulating supply of 122 million. Bitmine fell short of its 5% goal by roughly 171,000 ETH. The company's consistent weekly purchases of Ether since initiating its Ethereum treasury strategy in June 2025 bring it closer to the target. Bitmine's total crypto assets, including its Ether holdings, Bitcoin (BTC) stake, cash, and investments in other firms, now amount to about $15.7 billion. The company currently stakes about 85% of its Ether holdings, generating a 7-day yield of 2.61% and projecting annualized staking revenue of around $330 million. Bitmine Chairman Tom Lee attributes Ethereum's strong third-quarter performance to its outpacing of the S&P 500 by over 54 percentage points.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}