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Bitmine added 12,532 ETH to its holdings last week, bringing its total ETH position to 6.03 million, approaching its 5% supply target.

2026.10.12 20:33:33

Bitmine Immersion Technologies (BMNR) announced on October 12 that, as of the latest statistics, it holds approximately 6.03 million ETH, accounting for around 4.9% of Ethereum’s total supply. The company added 12,532 ETH to its holdings last week, pushing its position further above the 6 million ETH threshold and bringing it close to its target of holding 5% of Ethereum’s total supply. In addition to ETH, Bitmine’s holdings of crypto assets, cash, tradable securities, and other investments total approximately $16.2 billion. Of this total, the company has staked 5,067,309 ETH, valued at roughly $12.9 billion per announcement data, representing about 84% of its total ETH holdings. Bitmine Chairman Tom Lee stated that since launching its ETH treasury strategy on June 30, 2025, the company has been continuously purchasing ETH every week. He projects that once all of the company’s ETH holdings are fully staked through MAVAN and its partners, at the current 2.61% seven-day yield, annualized staking revenue could reach approximately $400 million. Additionally, the company’s perpetual preferred stock (BMNP) closed at $99.53 per share, above its $80 per share issue price. Tom Lee believes that as tokenization, wealth transfer, and AI-related demand drive growth in the crypto market, Bitmine is poised to benefit from the next bull market.

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