Bitmine buys 12,535 ether to bring holdings to 6.04 million tokens
Bitmine Immersion Technologies acquired 12,535 ETH over the past week, bringing its total treasury to more than 6.04 million tokens—roughly 4.9% of Ethereum's total circulating supply.
Bitmine Immersion Technologies purchased 12,535 ETH over the past week for roughly $30 million, increasing its ether holdings to 6,041,481 tokens, according to a company update reported by Unchained and BSCN. The new acquisition brings Bitmine's stash to about 4.9% of Ethereum's 122.1 million token supply, leaving the firm roughly 63,500 ETH shy of its stated goal to control 5% of the network's supply.[3][4][5]
Even as its ether reserves expanded, the aggregate value of Bitmine's portfolio fell for a second consecutive week to $15.1 billion as of October 18, down from $16.2 billion on October 12 and $17.4 billion on October 5. The decline reflected a drop in ether's price from $2,544 to $2,365 token. Alongside its ether, Bitmine holds 215 BTC, $582 million in cash and marketable securities, a $180 million position in Beast Industries, and a $74 million stake in Eightco Holdings.[3]
Bitmine Chairman Tom Lee attributed recent crypto market weakness to broader investor de-risking driven by AI funding concerns, tensions between the U.S. and Iran, upcoming U.S. midterm elections, and rising global bond yields. Lee stated that the company has bought ether every single week since inaugurating its treasury strategy on June 30, 2025, viewing periods where fundamentals hold while prices slide as historically attractive entry points.[1][3]
The company also reported 5,067,309 ETH staked, unchanged from the previous week. Lee noted that currently staked tokens generate approximately $309 million in annualized revenue, and projected that staking the entire treasury through Bitmine's MAVAN validator program and partner platforms would yield $369 million annually at a 2.58% seven-day yield.[3][4]
Key facts
- Bitmine acquired 12,535 ETH over the past week for roughly $30 million to $30.3 million.
- Total ether holdings reached 6,041,481 ETH, representing about 4.9% of Ethereum's 122.1 million supply.
- Bitmine's total portfolio value dropped to $15.1 billion as of October 18, down from $16.2 billion on October 12 and $17.4 billion on October 5.
- The company holds 5,067,309 staked ETH generating an estimated $309 million in annualized rewards.
- Bitmine's additional reserves include 215 BTC, $582 million in cash and marketable securities, $180 million in Beast Industries, and $74 million in Eightco Holdings.
- Bitmine has purchased ether weekly since initiating its treasury strategy on June 30, 2025.
Sources · 5 sources
- LS
Laura Shin@laurashinPost on X ·
Tom Lee attributed ether's recent slide to investor de-risking tied to AI stocks, US-Iran tensions and bond yields. https://t.co/dUHVkqBzzk
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
BitMine Adds 12,535 ETH, Holdings Rise to 6.04M ETH BitMine said it acquired 12,535 ETH over the past week, bringing total holdings to 6,041,481 ETH, or about 4.9% of Ethereum’s 122.1 million supply. The company has 5.07 million ETH staked, while its total crypto, cash, marketable securities and other investments were valued at $15.1 billion as of October 18.
Open source - UN
UnchainedArticle ·
Bitmine’s Holdings Value Falls to $15.1 Billion Even as Its Ether Stash Keeps Growing Bitmine Immersion Technologies (NYSE: BMNR) added 12,535 ETH in the past week, lifting its ether stash to 6,041,481 ETH , even as the dollar value of everything it owns dropped for a second week in a row, the company said on Monday. Bitmine put its crypto, cash, marketable securities and “moonshot” stakes at a combined $15.1 billion as of 3 p.m. ET on Oct. 18. Its weekly updates showed $16.2 billion on Oct. 12 and $17.4 billion on Oct. 5 . The decline comes as the most recent release valued its ether at $2,365 per token, a Coinbase price, versus $2,544 in the prior week’s update. Besides ether, Bitmine listed 215 BTC, a $180 million stake in Beast Industries, a $74 million stake in Eightco Holdings (NASDAQ: ORBS), and $582 million in cash and marketable securities. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Lee Points to De-Risking In the release, Bitmine Chair Tom Lee said investor risk appetite had “contracted in the past few weeks” amid worries over AI funding and AI model safety, fighting between the U.S. and Iran, the coming U.S. midterm elections and rising bond yields worldwide. Selling in AI-linked chip and memory stocks spread to markets in Korea and Taiwan, he said, and because crypto is widely held there and in the U.S., that de-risking “creates spillover pressures in crypto markets.” When fundamentals hold up while prices fall, Lee said, those periods have “historically been attractive risk/reward opportunities.” Weekly Buying Holds Steady The latest purchase is almost exactly the size of the 12,532 ETH Bitmine bought the week before, which followed buys of 15,112 ETH and 17,362 ETH. Lee said in the release that the company “has bought ETH each and every week” since starting its ether treasury strategy on June 30, 2025. Bitmine’s ether equals 4.9% of the 122.1 million ETH supply, short of its stated goal of owning 5%. At that supply figure, 5% works out to about 6.1 million ETH, or roughly 63,500 more than it holds now. Staked ether stood at 5,067,309 ETH , the same figure Bitmine gave a week earlier. Lee said in the release that if all of its ether were staked through MAVAN, the company’s own validator network, and its partners, the projected reward would be “$369 million on an annualized basis” at a 2.58% seven-day yield. He compared that with $309 million in annualized revenue from the ether already staked. Related Listen: Why Sharplink Never Took on Debt Like Strategy Has The post Bitmine’s Holdings Value Falls to $15.1 Billion Even as Its Ether Stash Keeps Growing appeared first on Unchained .
Open source - BS
BSCN@BSCNewsPost on X ·
Bitmine ETH Holdings cross 6 Million NYSE-listed Bitmine Immersion Technologies ($BMNR) announced that their liquid cash positions and crypto holdings increased to $15.1 billion as of October 18. The protocol utilized $30.3 million in funding to acquire 12,535 $ETH during the trailing seven days. This acquisition, made as part of Chairman Thomas Lee’s (@fundstrat) ongoing treasury strategy which started in June 2025, has allowed the firm to accumulate 6,041,481 ETH. This represents 4.9% of the total 122.1M supply of the token. The firm has staked 5,067,309 $ETH, which is worth $12 billion, through its MAVAN institutional validator program to earn base layer yields while holding a secondary cash reserve of 215 $BTC and $582 million.
Open source - DE
DecryptArticle ·
Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line The purchase lifts Bitmine’s stash to 6.04 million ETH—4.9% of supply and 99% of the way to its “Alchemy of 5%” goal—as chairman Tom Lee framed a market-wide selloff as an attractive entry point.
Open source