BitMine’s stated goal is to accumulate 5% of Ethereum’s total supply; Tom Lee’s reported remarks say the company will stop buying at that point, which he reportedly called a “hard cap.” The Block’s report

$ETHBMNROct 7, 2026, 11:37 UTC

The latest company holdings update cited here, dated October 5, reports 6,016,414 ETH, or 4.9% of a stated 122.1 million ETH supply—about 88,586 ETH short of 5%. BitMine’s October 5 release

The holdings figure is the company’s October 5 snapshot; the supplied October 7 posts repeat it.

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$ETHEthereum, ethereum

BMNR

Answered Oct 7, 2026, 11:37 UTC

Sources 2

The Block’s reportx.com
BitMine’s October 5 releaseprnewswire.com

Research trace 6

Latest posts of @bmnrtrust
The supplied posts state the 5% target and report holdings of 6,016,414 ETH. I’m checking for a company statement or more recent holdings report to confirm whether that figure is still current.
The prior results show that BitMine reported 6,016,414 ETH in its October 5 update, while the supplied posts say buying stops at 5% of supply. I’m checking the company announcement and the referenced post for their exact wording and figures.
BitMine’s October 5 company release confirms 6,016,414 ETH and 4.9% of supply, but the supplied claim that buying ends at 5% is attributed to Tom Lee through reposts. I’m checking the company’s latest primary statement for the target and whether the current holdings figure has changed.
BitMine’s October 5 release confirms the reported holdings and 4.9% share; the newer posts attribute a stopping point to Tom Lee. I’m checking for the source of that statement and the latest company holdings update.
BitMine’s October 5 release gives a dated holdings snapshot, and the newer reports repeat those same figures. I’m checking the company’s investor site and the Token2049 coverage for a direct statement of the 5% stopping point.