# Bitmine Immersion Technologies Acquired 12,535 Ether (ETH) in Week Through Oct. 18 By John Kim Canonical URL: https://www.tokenpost.com/news/business/39463 Published: 2026-10-24T00:21:06.000Z Updated: 2026-10-24T00:21:06.000Z Section: Business > Its 6,041,481 ETH balance equaled 4.9% of the 122.1 million ETH supply figure it used, leaving an estimated 63,519 ETH to reach 5%. Bitmine Immersion Technologies acquired 12,535 Ether (ETH) during the week through Oct. 18, bringing its holdings to 6,041,481 ETH, or 4.9% of the 122.1 million ETH supply figure it used. Chairman Tom Lee has set a [5% Ether supply ceiling]() for the company’s accumulation. Five percent of that supply figure is about 6.105 million ETH, leaving an estimated gap of 63,519 ETH. The estimate uses a rounded supply figure. “Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025,” Lee said. The company’s holdings were measured as of Oct. 18 at 3 p.m. ET (19:00 UTC). Bitmine had 5,067,309 ETH staked as of Oct. 18. It projected $309 million in annualized staking revenue based on about 5.1 million ETH staked, or $369 million if all its ETH were staked. Those amounts are estimates, not realized revenue. ## Links in this article - [5% Ether supply ceiling](https://www.tokenpost.com/news/business/27316)