Bitmine Chairman Tom Lee stated that the crypto market has entered a bull cycle. In the first nine months of 2026, ETH prices dropped by 10%, while BMNR only fell by 3%, achieving a relative outperformance of 7.31 percentage points. Bitmine executed its corporate treasury stock buyback plan, repurchasing 21 million shares of BMNR in 2026. Since Q3 2026, ETH has outperformed the S&P 500 Index by 6832 basis points, leading other major macro assets under macroeconomic pressure. (Source: PRNewswire)

Tom Lee's BitMine purchased 15112 ETH worth $41 million. （Watcher.Guru）

Bitmine increased its holdings of 15112 ETH last week, and as of October 5, 2026 (UTC+8), it holds 6016414 ETH, 214 BTC, $180 million in Beast Industries stock, $117 million in Eightco Holdings stock, and $643 million in cash and securities. Tom Lee stated that ETH outperformed the S&P 500 index by 6832 basis points in the third quarter of 2026. Bitmine pledged 5067309 ETH, with a value of $13.8 billion calculated at $2726 per ETH, accounting for 84% of the total holdings. The expected annualized pledge income is $363 million.

Evernorth's SPAC stock price nearly doubled last week, with XRPN hitting $53 at one point before the merger was completed on Wednesday. The merged company will hold 473 million XRPs worth $714 million and be listed on Nasdaq on Thursday.

Since late August, Bitcoin Whale has stopped making net deposits to the exchange, ending a three-month trend. The summer net deposit cycle exceeds three months, which is twice the duration since 2023. The trend ended in late August, and the flow of funds remained negative. （glassnode）