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Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target

Decrypt·October 5, 2026·1 min read
Bitmine Buys $41M More Ethereum, Reaching 99% of Its 'Alchemy of 5%' Target

Bitmine bought $41 million more Ethereum, lifting its stash past 6 million ETH—4.9% of supply and 99% of its 'Alchemy of 5%' target. Chairman Tom Lee says Ethereum is 'dwarfing' other macro assets. The purchase accelerates Bitmine's accumulation strategy toward a 5% supply goal.

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