# Bitmine Adds 12,535 Ether as Holdings Near 5% Supply Goal

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/35636
Published: 2026-10-20T12:18:01.000Z
Updated: 2026-10-20T12:18:01.000Z
Section: Business

> Bitmine held 6,041,481 ETH as of Oct. 18, which it calculated as 4.9% of the ETH supply.

Bitmine Immersion Technologies acquired 12,535 Ether (ETH) over the past week, lifting its treasury to 6,041,481 ETH and bringing the company closer to its goal of owning 5% of the ETH supply.

The company held the tokens as of 3 p.m. ET (19:00 UTC) Oct. 18. That was 4.9% of the 122.1 million ETH supply figure used for its target. In its Oct. 19 update, Bitmine put its progress toward the 5% mark at 99%.

Of that total, 5,067,309 ETH was staked, equal to about 84% of Bitmine’s holdings. The company valued ETH at $2,365 per token at the Oct. 18 snapshot and put the staked portion at roughly $12 billion. Based on approximately 5.1 million staked ETH, it projected $309 million in annualized staking revenue.

Bitmine began building its Ethereum treasury on June 30, 2025. The latest acquisition continued a run of weekly ETH purchases since the strategy began.