BitMine has disclosed another major Ethereum purchase, saying it acquired 27,180 ETH over the past week and brought its total holdings to 5.96 million ETH. The accumulation was reported by Wublockchain, citing the company’s latest disclosure.
BitMine’s Ethereum Holdings Keep Climbing
The new purchase is the latest step in a broader pattern. A previous BTC-Pulse report noted that BitMine ETH Holdings Reach 5.93M, Representing 4.9% of Total Supply, and the newest 27,180 ETH acquisition lifts that position to roughly 5.96 million ETH. The company’s buying continues to make its Ethereum exposure one of the largest disclosed corporate positions in the market.
Ethereum’s on-chain movement has also drawn attention for other reasons. In a separate security incident, BTC-Pulse covered a phishing attack that drained over 1,000 ETH via an expired Tornado Cash domain, highlighting the risks that remain around Ethereum-based assets even as major holders add to their positions.
At the network level, Ethereum’s upgrade schedule remains active. BTC-Pulse also reported that Ethereum has set a tentative October 6 Sepolia upgrade date, a development that may influence sentiment around the asset.
Implications and What to Watch
BitMine’s continued accumulation strengthens the narrative of institutional and treasury-style demand for ETH, but the disclosure does not provide forward guidance. Market participants will likely watch whether the company keeps buying, how the market absorbs the larger disclosed position, and whether network upgrades or security events affect Ethereum liquidity and sentiment in the coming weeks.
