Bitmine Ethereum Treasury Tops 6 Million ETH After Another Weekly Purchase
Summary
Bitmine Immersion Technologies reported holding 6,041,481 ETH as of October 18, after acquiring 12,535 ETH in the prior week. It says this equals about 4.9% of Ethereum’s circulating supply, with more than five million ETH staked. Bitmine valued its broader portfolio, including crypto, cash and securities, at roughly $15.1 billion. The scale of its Ethereum position makes it a major corporate treasury bet, though company share value also depends on financing, ETH prices and equity valuation; staking rewards carry operational and protocol risks.
