BitMine buys 10,452 ETH: What it means for the Ethereum price

Published on 10/28/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

U.S. spot Ether ETFs shed 88.6 million USD on October 26, 2026. The Ethereum price is 2,343.71 USD on October 28, 2026, up 1.61 percent.

Corporate demand returns to Ether

A corporate treasury added 10,452 ETH during the week before October 26, 2026.
The Ethereum Foundation postponed the Hoodi testnet upgrade on October 22, 2026, pending EIP-8037 review.
The Ethereum price stands at 2,343.71 USD as of October 28, 2026, 1.61 percent above the UTC daily close of October 27, 2026.

Ethereum, XCCRYPTOETH3, Illustration mit AI erstellt.

Ethereum (ETH) has a recent treasury purchase on record: BitMine bought 10,452 ETH during the week leading up to October 26, 2026. The purchase was reported by 247WallSt. The Ethereum price stands at 2,343.71 USD as of October 28, 2026, up 1.61 percent compared with the UTC daily close of October 27, 2026.

BitMine adds 10,452 ETH to its holdings

The purchase gives the market a dated example of treasury demand for Ether. 247WallSt reported that BitMine purchased 10,452 ETH in the week leading up to October 26, 2026. The same report said the company held 6.05 million ETH after the purchase. A treasury holder is an organization that keeps a cryptocurrency as a balance-sheet asset rather than as a fund share or derivative.

The purchase is separate from the activity of spot exchange-traded funds, which hold the underlying cryptocurrency. On October 26, 2026, U.S. spot Ether ETFs recorded 88.6 million USD in net outflows, according to 247WallSt. The report also said ETF outflows had fallen from 201.9 million USD on October 6, 2026, to 88.6 million USD on October 26, 2026.

Hoodi delay removes the October 26 activation

The Ethereum Foundation said on October 22, 2026, that developers postponed the Glamsterdam upgrade on the Hoodi testnet, a separate network used to test protocol changes. The activation had been scheduled for October 26, 2026, at 17:42:48 UTC. The Foundation said the delay allows further investigation of how EIP-8037 interacts with mainnet smart contracts, as detailed in its official notice. The notice also said the postponed activation included a planned increase of Hoodi's gas limit to 200 million.

The Foundation's October 22, 2026, notice said the change concerns Hoodi and does not set a Glamsterdam activation date for Ethereum mainnet. It also said the replacement Hoodi date will be announced later. EIP-8037 changes how the network accounts for the cost of creating state, meaning permanent blockchain data such as new accounts or storage.

ETH market data on October 28, 2026

The Ethereum price is 2,343.71 USD as of October 28, 2026, according to Investing.com. ETH is up 1.61 percent compared with the UTC daily close of October 27, 2026. The daily high is 2,357.37 USD and the daily low for the UTC day is 2,298.94 USD. Investing.com lists Ethereum's market capitalization at 286.40 billion USD, rank 2, and 24-hour volume at 9.23 billion USD. Circulating supply is 122.17 million ETH.