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Bitmine Adds 12,535 ETH as Ethereum Price Stays Below $2,500

The company said its weekly purchase lifted holdings to 4.9% of Ethereum supply as it pursues its 5% accumulation target.

Summary by crypto.news
Bitmine's Ethereum holdings reach 6.04 million ETH as the price trades near $2,422, with bearish momentum persisting despite its latest purchase.

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At 18 October 2026 Bitmine's ETH possessions reached 6,041,481 tokens, 4.9% of Ethereum's total offer, according to the treasury update. Bitmine Immersion Technologies indicates a portfolio of $15.1 billion between crypto, liquidity, marketable securities and investments "moonshots." Meanwhile, Ethereum's weekly purchases continue in what the president defines as [...]

Bitmine reported that its holdings reached 6,041,481 ETH, equivalent to 4.9% of the estimated supply in circulation, and that the combined value of its crypto assets, cash, marketable securities and “moonshot” investments totals USD $15,100 million. The company also reported more than 5 million ETH in stacking, while its president, Tom Lee, defended the accumulation as a long-term bet despite the recent risk aversion in the markets.

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Block Telegraph broke the news in New York, United States on Monday, October 19, 2026.
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