Bitmine reaches 97% of its Ether treasury target after buying 28,000 ETH

Bitmine has acquired another 28,000 ETH, bringing the company to 97% of its stated objective of accumulating an amount equal to 5% of Ether’s total supply, according to Cointelegraph. The purchase advances a treasury strategy led by Tom Lee’s team, though the company is also carrying a $5.1 billion unrealized loss on Ether, its primary treasury asset. The report did not provide additional details on the purchase price or the timing of the acquisition beyond its publication on Sept. 8, 2026. Ether remains the central asset in Bitmine’s treasury accumulation plan, with the latest buying bringing the company close to its stated supply target.