Bitmine Increases Holdings of 12,500 ETH to 6.03 Million, Holding Crypto Assets Worth Approximately $16.2 Billion

Bitmine Immersion Technologies (BMNR) announced on October 12 that it holds approximately 6.03 million ETH, accounting for about 4.9% of the total ETH supply. The company increased its holdings by 12,532 ETH last week, further growing its position from 6 million ETH, and is just one step away from its target of holding 5% of the total ETH supply. In addition to ETH, the company's total crypto assets, cash, tradable securities, and other investments amount to approximately $16.2 billion. The company has staked 5.067309 million ETH, valued at approximately $12.9 billion according to the announcement, which represents about 84% of its total ETH holdings. Since launching its ETH treasury strategy on June 30, 2025, the company has been continuously buying ETH weekly. It is expected that after all ETH held by the company is staked through MAVAN and its partners, the annualized staking income, based on the current 2.61% seven-day yield, could reach approximately $400 million. Additionally, the company's perpetual preferred stock BMNP closed at $99.53, above the issuance price of $80 per share.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.