BlackRock: Suggests Allocating 2% of Portfolio to Bitcoin

According to on-chain data analyst @ai_9684xtpa's monitoring, ETH whales that opened new positions yesterday continued accumulating today. They withdrew another 1236 ETH from OKX an hour ago, bringing their total hoarded ETH since yesterday to 2656 units (worth around $7.18 million), with an average withdrawal price of $2703.3. The whales now hold an unrealized profit of $19,500.

According to official sources, Bitmine added 15,112 ETH to its holdings over the past week. As of 6:30 PM ET on October 4, 2026, Bitmine’s crypto holdings include: 6,016,414 ETH, 214 BTC, $180 million in equity stakes in Beast Industries, $117 million in equity stakes in Eightco Holdings, and $643 million in total cash and marketable securities. Tom Lee stated: “Against the backdrop of significant macro headwinds this quarter—including a hawkish Federal Reserve, surging oil prices, rising global bond yields, and broad tightening of financial conditions—it is notable that ETH outperformed the S&P 500 by 6,832 basis points in Q3 2026. Year-to-date this quarter, ETH’s 6,832 basis point outperformance has dwarfed all other macro assets.” As of October 4, 2026, Bitmine holds a total of 5,067,309 ETH in staking, valued at roughly $13.8 billion at an ETH price of $2,726 per token. Annualized ETH staking rewards are projected to hit $431 million, based on a 7-day BMNR yield of 2.63%. Tom Lee added: “Annualized staking income is currently forecast at $363 million. The 5.067 million ETH in staking makes up 84% of Bitmine’s total 6.016 million ETH holdings. Bitmine’s in-house staking operations have delivered a 7-day yield of 2.63% (annualized).”

On-chain detective ZachXBT disclosed in a social media post that he once posed as a client to infiltrate a Chinese organized crime money laundering network. The network is accused of laundering over $1 billion across multiple exploit attacks for hackers linked to North Korea’s Lazarus Group. The intelligence he gathered helped facilitate the fund freeze and on-chain attribution for the $1.5 billion Bybit hack in February 2025. After the February 2025 Bybit incident, ZachXBT discovered in public Telegram and Discord groups that a large number of accounts were processing orders related to the stolen funds. He reached out to an operator using the alias "Jimmy Green" posing as a client, and gradually built trust through multiple exchanges of USDC and USDT. The operator subsequently disclosed the fund transfer plan in advance, claiming his team had laundered most of the stolen Bybit funds. ZachXBT said he chose to absorb a roughly 5% loss per order at the time in exchange for more actionable intelligence. During the investigation, he identified a Solana address cluster holding over $12 million in stolen Bybit funds, of which 442,000 USDT was subsequently frozen by Tether. He also confirmed the freeze of 332,000 USDC linked to the Poloniex hack, and traced another $3 million in fraudulent proceeds to the hot wallet of Huiwang Guarantee, which was later sanctioned. The relevant findings have been submitted to private sector investigators and law enforcement agencies. ZachXBT stated that he advanced $349,700 in this case, and bore both financial losses and personal risks. Since 2022, he has helped facilitate the freezing of over $75 million in assets linked to North Korea-related incidents. He also called on foundations and individuals to provide funding to support his continued investigation of cases others may deem unfeasible.

Strive bought another 2,000 $BTC ($168.84M) at $84,422 last week. Since Aug 24, #Strive has bought a total of 8,106 $BTC ($659.6M) at an average price of $81,374.

According to official sources, Strategy last week purchased 334 BTC at an average price of $85,839 for a total of $28.7 million, bringing its total Bitcoin holdings to 848,000 coins, valued at $63.97 billion on a cost basis. The company repurchased $176 million worth of STRC, sold 92,894 shares of MSTR stock, and raised $15.7 million to finance the Bitcoin acquisition. Strategy projects its third-quarter digital asset revenue will reach $20.91 billion. As of September 30, the book value of its Bitcoin holdings stood at $70.82 billion.

Strive CEO Matt Cole disclosed that the company purchased 2,000 Bitcoin (BTC) at an average price of $84,422 per token, with total spending of roughly $169 million, bringing its total BTC holdings to 29,462 coins. Sixty-one point five percent of the funds raised in this round originated from SATA, and the warrants generated an additional $56.7 million in proceeds.