[BitMine's Ethereum Holdings Reach 4.9%, Approaching 5% Target] According to a report by Cointelegraph on September 29, as cited by Jinse Finance, Ethereum treasury company BitMine is on track to hold 5% of the total ETH supply as early as early November. Over the past 12 weeks (July 13 to September 28), the company has increased its holdings by approximately 259,000 ETH, averaging 21,600 ETH per week. As of Sunday, its holdings stand at 6,001,302 ETH, accounting for 4.9% of the 122.1 million ETH supply, just 103,700 ETH short of the 5% mark. At this pace, it would take 4.8 weeks to reach the target. Chairman Tom Lee stated that the company will decide whether to continue increasing its holdings beyond 5% or reassess in 2027.