Bitmine Immersion Technologies bought 8,573 more ETH in its latest weekly purchase, lifting total holdings to 6,060,506 ETH, worth about $13.7 billion, or 4.9% of Ethereum's 122.2 million token supply. The company said it is 99% of the way to its goal of owning 5% of the network. Chairman Tom Lee said the record $6.4 billion Binance hack, which the FBI attributed to North Korea, showed crypto's resilience, as ETH fell only 4%, compared with an 8% drop on the day of the $1.5 billion Bybit hack in February 2025. Lee cited six reasons, including Binance's ability to cover all customer losses and the FBI naming North Korea within two days. As of Nov. 1, total holdings, including cash, other tokens and investments, reached $14.5 billion, and about 86% of its ETH is staked through its MAVAN platform, with projected annual staking revenue of about $358 million.
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cryptoBinanceETHcybersecurityTom Lee
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Related tickers and likely impact
ETH/USDT
▲ Likely positiveEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/01/2026 | 2,275.31 |
| Change that session | +0.87% |
BNB/USDT
▼ Likely negativeBNB
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/01/2026 | 712.69 |
| Change that session | +1.24% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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