Bitmine Immersion Technologies adds 12,535 ETH, raising total to 6.04 million (4.9% of supply)
Bitmine Immersion Technologies announced it purchased an additional 12,535 Ether, bringing its total ETH holdings to 6,041,481 tokens, or 4.9% of the circulating supply. The company now holds $15.1 billion in crypto, cash and marketable securities, with 5,067,309 ETH staked at a valuation of about $12 billion. Chairman Tom Lee said the recent risk‑off environment creates a buying opportunity for the firm’s long‑term ETH accumulation strategy.
Why it matters
The expanded Ethereum treasury increases Bitmine’s exposure to crypto price movements and could influence its market valuation, while the continued weekly buying underscores management’s confidence in a future market rebound (the company’s statement says this).
Key facts
- 1Bitmine bought 12,535 ETH over the past week, raising total holdings to 6,041,481 ETH. prnewswire.com
- 2The ETH holdings represent 4.9% of the total Ethereum supply of 122.1 million tokens. prnewswire.com
- 3Total crypto, cash and marketable securities holdings total $15.1 billion as of Oct. 18, 2026. prnewswire.com
- 45,067,309 ETH are staked, valued at approximately $12 billion at $2,365 per ETH. prnewswire.com
- 5The company values ETH at $2,365 per token for its holdings calculations. prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.