Bitmine adds 12,535 ETH, lifting its Ethereum treasury to 6.04 million tokens
Bitmine buys another 12,535 ether in a week
Bitmine Immersion Technologies said on Monday, October 19, 2026, that it bought 12,535 ether (ETH) over the past week. That brought its Ethereum treasury to 6,041,481 ETH.
The company said the holding equals about 4.9% of Ethereum's circulating supply, which it put at 122.1 million tokens. Circulating supply is the amount of a coin that is available to trade on the open market.
At a price of $2,365 per ETH, Bitmine valued its ether at roughly $14.3 billion as of October 18.
Key numbers from the statement
- 6,041,481 ETH held after the weekly purchase of 12,535 ETH.
- Ether valued at about $14.3 billion as of October 18, using $2,365 per ETH.
- 5,067,309 ETH, worth about $12 billion, is staked — locked up to support the Ethereum network in return for rewards.
- Staked ether makes up 84% of the company's holdings.
- Projected annualized staking revenue of $309 million at current levels, rising to $369 million once all holdings are staked.
- 215 bitcoin, a $180 million stake in Beast Industries, a $74 million investment in Eightco Holdings, and $582 million in cash and marketable securities.
- Total crypto, cash, marketable securities and other investments of $15.1 billion.
What the company's own announcement says
The figures come from a statement Bitmine published on Monday. It is the primary account of the company's holdings and of its staking plans.
Bitmine said most of its ether is staked through its MAVAN platform and staking partners, and it gave projections for the revenue that staking could bring in.
Tom Lee points to risk-cutting by investors
Bitmine Chairman Tom Lee linked recent pressure on crypto prices to investors reducing risk. He cited geopolitical tensions, rising bond yields, and concerns about funding and safety in artificial intelligence.
"Crypto is widely held in the US, Korea and Taiwan," Lee said. "So naturally, when investors in those regions de-risk, this creates spillover pressures in crypto markets."
According to The Block's ETH price page, ether traded above $2,400 on Monday, up 0.43% over 24 hours. Bitmine shares closed on Friday at $21.66, down 7.28%, according to The Block's BMNR price page.
What is confirmed and what is not disclosed
Confirmed by the company's statement: the size of the holdings, the weekly purchase, the staked amount, the other assets listed and the $15.1 billion total.
Not disclosed in the supplied material: the total price Bitmine paid for the 12,535 ETH, and how the purchases were spread across the week. The revenue figures are the company's own projections, not reported results.
Why the size of the stake stands out
At 4.9% of circulating ether, Bitmine's treasury is large enough that the company's stated results now rely heavily on ether's value and on staking income. The statement shows that most of the holding is staked rather than held idle, which is the basis for the revenue projections the company gave.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.