Bitmine Adds 12,535 ETH to Treasury, Boosting Holdings to 6.04 Million Tokens

Bitmine Immersion Technologies expanded its corporate Ethereum treasury to 6,041,481 tokens after buying 12,535 ETH over the past week, controlling roughly 4.9% of Ethereum's 122.1 million circulating supply. However, total portfolio valuation fell to $15.1 billion as of October 18, 2026, marking a consecutive weekly decline from $16.2 billion due to ETH falling from $2,544 to $2,365 per token. Bitmine has staked 5,067,309 ETH—about 84% of its holdings—generating an estimated $309 million in annualized staking rewards at a 2.58% yield, while approaching its target to hold 5% of all circulating tokens.