TORICO Buys 22.61 Ethereum (ETH), Total Holdings Reach 3,072.60 Tokens

22.6109 ETH Added on Monday

Tokyo-listed manga retailer TORICO bought 22.6109 Ethereum (ETH) on Monday, October 5, its second purchase of the token this month. The fill cost ¥9,678,348, an average acquisition price of ¥428,040 per ETH, according to the company's official X announcement and Tuesday's periodic disclosure. The release stops short of naming the acquisition route: a direct market purchase and an exercise of a put option from the company's standing program both fit the record, and TORICO offered no further detail on which applied. The Monday entry is the second of October; the first came on October 1, when the register took 23.9880 ETH for ¥10,321,372. In ETH terms the October additions come to 46.5989 tokens across two fills. TORICO trades on the Tokyo Stock Exchange's Growth market under ticker 7138 and operates Manga Zenshu DOTCOM, an online bookstore built around complete manga volume sets. The company began disclosing ETH acquisitions on a per-fill basis on May 7, when it laid out the acquisition program, and each entry since has carried the same three figures: quantity, yen cost and per-unit average. The Ethereum price sat near the level it holds now when the fill settled: the token trades around $2,709 at the time of writing, down about 0.9% over the past 24 hours. Ethereum (ETH) is the native asset of the proof-of-stake network that settles most on-chain smart contract activity, and TORICO's disclosed purchases are held directly rather than through a fund wrapper. The fill is a small one by the register's standards: 22.6109 ETH is under 1% of the tokens acquired in total, and the spread between its unit cost and the book average is under 1.5%. Each disclosure restates the cumulative totals in yen, so the position can be read at a glance; the book has so far cost the company just under ¥1.3 billion to build.

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The Register Since May 7

Counted in, Monday's fill lifts the cumulative register to 3,072.6034 Ethereum (ETH) acquired at a total cost of ¥1,297,377,490, an average of ¥422,240 per token. TORICO notes the running quantity includes staking income, so the Ethereum treasury count moves on yield as well as on purchases; rewards accrue in ETH, so the token total can rise between fills even when no yen changes hands. Both October entries priced above ¥428,000 per token while the register's average sits at ¥422,240, meaning the recent fills have run slightly rich to the program's blended record. The May 7 announcement set out what the company calls a target buying strategy, built on cash-secured puts. TORICO pre-deposits yen in a dedicated account, sells ETH put options, and collects the premium as payment for accepting the obligation to buy Ether at a preset price. If the market never reaches the strike, the premium stays with the company and the yen stays parked; if it does, the token arrives at a level chosen in advance. Every fill, whatever its route, is then restated into the running totals, the format Tuesday's update followed. August brought a second sleeve to the program. On August 13, TORICO resolved to commit 60 ETH to an ETH-denominated hedge fund advised by Hyperithm LLC, the Korean entity of crypto asset manager Hyperithm, citing improvements in management efficiency and yield. The commitment is distinct from the put-writing purchase program. TORICO is a small name in a crowded field: listed companies running Ethereum treasury programs have added steadily this year, and the largest tracked in our coverage is Bitmine's Ethereum treasury, which recently passed 6.02 million ETH toward a 5% supply goal. TORICO's 3,072.6034 tokens sit far below that scale, but the mechanism differs, with Bitmine buying in size and TORICO writing options against yen collateral.

$2,810 Resistance in Focus

The gap between TORICO's register and the field's largest got a fresh data point on Monday, when Bitmine Immersion Technologies published its own October 5 holdings update. The company added 15,112 ETH over the prior week, taking its total to 6,016,414 tokens, valued at $2,726 per ETH per Coinbase and roughly 4.9% of the roughly 122.1 million ETH supply figure Bitmine uses. Staked ETH stood at 5,067,309, about 84% of holdings, with chairman Tom Lee citing an annualized 2.63% yield on the last seven days of staking. Total crypto, cash and so-called moonshot positions came to about $17.4 billion, including $643 million in cash and marketable securities. Bitmine says its Alchemy of 5% supply goal is now roughly 99% reached, about 15 months in.

A further detail from Bitmine's filing quantifies how close the 5% goal now sits: at 6,016,414 ETH against a 122.1 million supply figure, the company needs roughly 88,586 more tokens, which works out to about $239 million of ETH at recent prices, a gap that shifts with supply and market price. Chairman Tom Lee also put a performance number on the quarter, saying ETH beat the S&P 500 by 6,832 basis points, or 68.32 percentage points, in the third quarter, per S&P data showing the index returned about 2.3% over the same three months while ETH rose more than 70%. The filing notes ETH is still down roughly 10% for the first nine months of 2026, and cautions that projected staking income, about $363 million annualized at the current 2.63% yield, is a gross estimate subject to operating costs and slashing risk.

An earlier filing in Bitmine's record offers a benchmark for the pace behind Monday's update: in a submission to the SEC dated September 14, the company disclosed 5,956,378 ETH as of September 13, which it put at 4.9% of a 122 million supply figure. The filing names Tom Lee as chairman of the board and makes clear the holdings are the company's, not the chairman's personal stash. Separately, remarks attributed to Lee comparing the Russell 2000 to a compressed spring, and a claim that Russell 2000 short interest has reached the 99.8th percentile with a median above 8% of shares outstanding, carry no cited source text or compilation date in coverage so far, so the short-squeeze reading built on them rests on limited verification.

(as of 07:38 UTC) COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $2,536.70 support at 80/100, on confluence from the BB Lower, SMA 50, Fibonacci 0.214, HVN 5, with a second shelf at $2,595.00 scoring 68/100 from the Ichimoku Kijun, SW5L, HVN full and ATR Lower. On the upside, the $2,792.28 resistance holds a 78/100 rating, driven by the BB Upper, Fibonacci 0.000, ATR Upper and VWAP +2SD, ahead of $2,717.03 at 66/100 from R1, the Ichimoku Tenkan, the previous day's high and SW8L. Our Ethereum technical analysis framework reads momentum as neutral: RSI at 49.51, a bearish MACD signal inside a broader uptrend. Derivatives positioning leans long, with funding at -0.0030%, open interest near $11.66 billion and a 2.13 long/short account ratio (68.0% long), while the Fear & Greed Index prints 71, Greed. A hold above $2,595.00 keeps $2,717.03 the first ceiling and $2,792.28 the level to clear; losing ground shifts the map to the $2,536.70 shelf, rated 80/100. ETH now trades at $2,621.24, down 2.99% over 24 hours.