Bitmine Advances Toward 5% Ether Ownership Amid Binance Hack Aftermath
Bitmine Immersion Technologies is nearing its goal of owning 5% of Ethereum's total supply as the market shows resilience following Binance's $6.3 billion hack.
Bitmine Immersion Technologies is nearing its goal of owning 5% of Ethereum's total supply as the market shows resilience following Binance's $6.3 billion hack. Ethereum (ETH) is trading at ₹2,13,997 ($2,250.65), down 0.2% since this brief published. This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Mon, 02 Nov 2026 23:45:01 UTC.
Bitmine's significant accumulation of Ethereum could influence market dynamics and decentralisation, while the muted market reaction to Binance's massive hack indicates growing maturity and resilience in the crypto sector.
- Bitmine has acquired nearly 5% of Ethereum's total supply.
- Binance's $6.3B hack caused limited market impact, suggesting crypto resilience.
- Binance co-CEO Yi He emphasizes security before resuming full operations.
- Binance Faces $5.8B Hack Aftermath as Crypto Market Drops 3.3%
- Bitcoin, Ethereum, XRP, and BNB Exhibit Divergent Price Movements Post-Binance Hack
- Binance Resumes Key Stablecoin and Token Withdrawals After $6.3B Hack
- Thorchain Incident Disrupts Cross-Chain Swaps Amid Binance Hack Probe
- Bitmine's Ether Accumulation Slows to 8,573 ETH as Market Remains Cautious
- Bitmine Advances Toward 5% Ether Ownership Amid Binance Hack Aftermath — this brief
- TRON Emerged as Early Channel for Binance Hack Proceeds, Elliptic Reports
Bitmine Immersion Technologies is making significant progress toward its ambitious goal of owning 5% of 
Ethereum's total supply. The publicly traded company announced on Monday that it had purchased additional Ether, bringing it closer to its target. This accumulation could have implications for Ethereum's market dynamics and decentralisation.
In the wake of Binance's recent $6.3 billion hack, the crypto market has shown resilience, with limited price impact compared to previous major security incidents. This muted reaction suggests a growing maturity and stability in the cryptocurrency sector, as noted by Bitmine Chairman Tom Lee.
Binance co-founder and co-CEO Yi He has pushed back against comparisons between Binance and the collapsed FTX, stating that the exchange will not resume full operations until its security systems are thoroughly reviewed and confirmed safe. This response underscores the importance of security in maintaining trust and stability in the crypto market.
Following the Binance hack, UE Crypto has promoted cloud mining contracts, daily earnings, and renewable energy infrastructure to investors, potentially capitalising on the situation to attract new participants to the market.
The broader crypto market remains in a downturn, with the total market cap at $2.65 trillion and 
Bitcoin experiencing a 1.36% drop in the past 24 hours. Ethereum, the focus of Bitmine's accumulation efforts, is currently trading at $2255.63, down 0.23% in the last day and 2.14% over the past week.
Since this brief published about 8 hours ago, Ethereum (ETH) has moved from ₹2,14,470.93$2,255.63 to ₹2,13,997.42$2,250.65 — -0.22%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹231,254.29 (about $2,250.65), down 1.0% over 24 hours. The rupee itself trades about 8.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitmine Advances Toward 5% Ether Ownership Amid Binance Hack — questions & answers
How much Ethereum has Bitmine acquired?
Bitmine has acquired nearly 5% of Ethereum's total supply.
What is the impact of Binance's hack on the crypto market?
The market showed limited price impact, indicating growing resilience.
What is Binance's current operational status after the hack?
Binance will resume full operations only after confirming security system safety.
How much is 1 Ethereum worth in rupee today?
About ₹231,254.29 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,250.65. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.22% since this brief first published — trading at ₹2,13,997 ($2,250.65) now versus ₹2,14,471 ($2,255.63) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.