BitMine has accumulated 6.02 million ETH (4.9% of supply) through weekly purchases over 15 months and is nearing its 5% target, after which Chairman Tom Lee says the company will stop accumulating. The end of this recurring buyer could affect Ether spot market liquidity, though other factors like ETF flows, staking activity, and macro conditions will also influence price movements.
Forward Industries expanded its Solana treasury to 8.5 million SOL (worth ~$1 billion) by adding 948,601 tokens in fiscal Q4, funded partly through a $25 million stock offering. The company's SOL holdings now represent approximately 1.4% of Solana's circulating supply, with SOL trading near $122 in early October.
Federal Reserve Vice Chair Philip Jefferson signaled policymakers may pause rate hikes, with markets cutting October hike odds to 25%. Bitcoin could benefit if lower rate expectations pull Treasury yields down from above 5%, though Jefferson maintains inflation risks remain elevated.