Bitmine's Ether Accumulation Slows to 8,573 ETH as Market Remains Cautious
Bitmine added 8,573 ETH to its holdings last week, reaching 6.06 million ETH while the market reacts calmly to Binance's security incident.
Bitmine added 8,573 ETH to its holdings last week, reaching 6.06 million ETH while the market reacts calmly to Binance's security incident. Ethereum (ETH) is trading at ₹2,15,779 ($2,269.39), down 0.7% since this brief published. This is an original Token Times brief synthesising 3 outlets (Unchained, Crypto.news, The Block), with their figures cross-checked, plus live market data, as of Mon, 02 Nov 2026 16:45:01 UTC.
Bitmine's continued accumulation of Ethereum, despite market fluctuations, signals ongoing institutional interest in ETH and its staking potential. The muted market response to Binance's hack reflects growing resilience in the crypto space.
- Bitmine purchased 8,573 ETH last week, raising its total holdings to 6.06 million ETH.
- The company's staked ETH position now stands at 5.22 million tokens.
- Ethereum price hovers near $2,290 amid a flat market trend.
- Tom Lee notes the market's calm response to Binance's recent security incident.
All three outlets - Unchained, Crypto.news, and The Block - confirm that Bitmine added 8,573 ETH last week, bringing its total holdings to 6.06 million ETH. They also agree that the company's staked ETH position has reached 5.22 million tokens. However, Unchained emphasizes Bitmine's shortfall of about 49,500 ETH from its 5% goal due to recent market conditions, while The Block highlights Tom Lee's commentary on the market's muted reaction to Binance's hack.
Bitmine, a major player in the cryptocurrency space, has continued its 
Ethereum accumulation strategy by purchasing 8,573 ETH last week. This acquisition has increased the company's total ETH holdings to 6.06 million tokens, according to Crypto.news and The Block.
The company's staked ETH position now stands at 5.22 million tokens, as reported by Crypto.news. Despite this accumulation, Unchained notes that Bitmine remains approximately 49,500 ETH short of its 5% goal due to recent fluctuations in the Ethereum market.
The market has reacted calmly to Binance's recent security incident, with Tom Lee of Fundstrat Global Advisors pointing out the muted response. This suggests a growing resilience and maturity in the cryptocurrency market, as highlighted by The Block.
Ethereum's price currently hovers around $2,285.92, showing a modest 0.66% increase over the past 24 hours but a slight 0.74% decrease over the last seven days. This price stability is reflected in the overall flat trend of the total crypto market cap, which stands at $2.68 trillion.
The Fear & Greed Index remains at 37, indicating a 'Fear' sentiment among investors. This cautious market environment underscores the significance of Bitmine's continued investment in Ethereum, as it suggests confidence in the long-term potential of the asset.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from ₹2,17,350.97$2,285.92 to ₹2,15,779.26$2,269.39 — -0.72%.
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.
Will the price of Ethereum be above $2,400 on November 3?
Crowd-implied probability on Polymarket, ₹17.75M 24h volume, resolves Nov 3 — snapshotted when this brief published (Nov 2 15:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 ETH ≈ ₹237,684.56 (about $2,269.39), up 0.1% over 24 hours. The rupee itself trades about 10.2% 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's Ether Accumulation Slows to 8,573 ETH as Marke — questions & answers
What is Bitmine's current Ethereum holdings?
Bitmine's total ETH holdings are 6.06 million tokens.
How much ETH did Bitmine buy last week?
Bitmine purchased 8,573 ETH last week.
What is the market's reaction to Binance's hack?
The market has shown a muted response to Binance's hack, indicating growing resilience.
How much is 1 Ethereum worth in rupee today?
About ₹237,684.56 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,269.39. 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 0.72% since this brief first published — trading at ₹2,15,779 ($2,269.39) now versus ₹2,17,351 ($2,285.92) 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 Unchained, Crypto.news, The Block, with the key figures cross-checked for agreement across them. 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.