BitMine's Weekly ETH Purchases Drop to 12,532 as Staking Reaches 84% of Holdings
Ethereum treasury firm BitMine has significantly reduced its weekly ETH purchases while maintaining a substantial staking position.
Ethereum treasury firm BitMine has significantly reduced its weekly ETH purchases while maintaining a substantial staking position. Ethereum (ETH) is trading at $2,417.97, down 1.2% since this brief published. This is an original Token Times brief based on reporting by CryptoPotato, with live market data added, as of Tue, 13 Oct 2026 01:00:01 UTC.
BitMine's large ETH holdings and high staking percentage could influence Ethereum's price and network dynamics, while its reduced purchasing rate may signal a shift in accumulation strategy.
- BitMine reduced weekly ETH purchases to 12,532 from previous levels.
- The firm has staked 84% of its 6.03 million ETH holdings.
- Tom Lee predicts this could be the biggest crypto bull market yet.
- Bitmine Increases Ethereum Holdings to 6.03 Million ETH, 4.9% of Total Supply
- BitMine's Weekly ETH Purchases Drop to 12,532 as Staking Reaches 84% of Holdings — this brief
BitMine, a major 
Ethereum treasury firm, has reduced its weekly ETH purchases to 12,532, according to recent data. This marks a notable decrease from previous purchasing levels, suggesting a potential shift in the firm's accumulation strategy.
The company currently holds 6.03 million ETH, which constitutes 4.9% of Ethereum's total supply. This substantial holding underscores BitMine's significant influence on the Ethereum market.
Of its total ETH holdings, BitMine has staked 84%, reflecting a strong commitment to the network's proof-of-stake mechanism. This large staking position could generate up to $400 million in annual revenue once the entire treasury is deployed, as reported by CryptoPotato.
The development comes as Ethereum's price has experienced a 3.45% decline over the past 24 hours, trading at $2447.32. The broader crypto market is also down, with 
Bitcoin showing a 2.20% decrease and the total market cap at $2.83 trillion.
Market analyst Tom Lee predicts that this could be the biggest crypto bull market yet, adding a layer of optimism to the current market conditions. The Fear & Greed index stands at 57, indicating a 'Greed' sentiment among investors.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,447.32 to $2,417.97 — -1.20%.
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 ≈ ₹249,752.12 (about $2,417.97), down 4.9% over 24 hours. The rupee itself trades about 7.7% 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.
BitMine's Weekly ETH Purchases Drop to 12,532 as Staking — questions & answers
How much ETH does BitMine currently hold?
BitMine holds 6.03 million ETH, representing 4.9% of Ethereum's total supply.
What percentage of BitMine's ETH is staked?
84% of BitMine's ETH holdings are currently staked.
What is Tom Lee's market prediction?
Tom Lee predicts that this could be the biggest crypto bull market yet.
How much is 1 Ethereum worth in rupee today?
About ₹249,752.12 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,417.97. 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 1.20% since this brief first published — trading at $2,417.97 now versus $2,447.32 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 CryptoPotato. 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.