Bitmine Immersion Technologies reported 5,983,940 ETH, representing about 4.9% of Ethereum’s 122.1 million-token supply, and total assets of $17.1 billion as of Sept. 20, 2026. The company bought 27,562 ETH during the week ended Sept. 21 and had staked 5,067,309 ETH, or approximately 85% of its holdings. ETH was trading at $2,717.89 as of writing, while trader Peter Brandt’s long-term chart identifies $5,000 as a key threshold before a potential move toward $8,600; his chart labels the higher level at $8,674.50. Demand also included a purchase of 8,492.8 ETH by a wallet linked to an early Ethereum initial coin offering participant and $270 million of U.S. spot ether ETF inflows on Sept. 21, following $143.7 million on Sept. 18.