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Monday, 5 October 2026

National Trade News

Independent coverage of global markets, trade and finance

Crypto

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

National Trade News capital-markets note (2026-10-05): The purchase lifts Bitmine's stash past 6 million ETH—4.9% of supply and 99% of the way to its "Alchemy of 5%" goal—as chairman Tom Lee says Ethereum is… Primary source: original at Decrypt (decrypt.co).

· Decrypt

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

The purchase lifts Bitmine's stash past 6 million ETH—4.9% of supply and 99% of the way to its "Alchemy of 5%" goal—as chairman Tom Lee says Ethereum is "dwarfing" other macro assets.

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