The enterprise currently commands 4.95% of the total Ethereum supply, boasting $15 billion across total cryptocurrency, liquid funds, liquid investments, and supplementary assets.
Bitmine Immersion Technologies expanded its Ethereum reserve to 6,051,933 ETH after purchasing 10,452 ETH during the preceding week, the organization announced in a Monday press release.
Calculated at a valuation of $2,356 per ETH, these reserves totaled roughly $14.3 billion as of October 25. Bitmine currently controls 4.95% of the entire circulating Ethereum supply of 122.2 million ETH, as indicated by the announcement.
Out of this cumulative balance, 5,227,037 ETH are actively staked utilizing Bitmine’s MAVAN network alongside various staking collaborators, which accounts for roughly 86% of its portfolio. The firm noted it anticipates yearly staking returns of $318 million based on current rates, climbing to as high as $368 million if the entirety of its ETH balance were committed to staking.
Apart from ether, Bitmine disclosed ownership of 215 BTC, a $180 million equity stake in Beast Industries, a $76 million holding in Eightco Holdings, alongside $514 million in cash and liquid securities. Its aggregate digital assets, cash, marketable securities, and alternative investments amounted to $15 billion altogether.
Alongside the ether purchase, Bitmine bought back 2.04 million shares throughout the prior week at a mean cost of $22.48. The business’s total share repurchases for the year have hit 22.9 million units, totaling an outlay of $399.6 million at a blended price of $17.48, based on the disclosure.
Board Chairman Tom Lee reaffirmed his stance that the cryptocurrency bull run remains active, highlighting a modest 13% retracement in ETH from its late high as proof that the asset class is showing greater resilience than alternative risk-off industries. The American semiconductor industry dropped by 20% over that exact timeframe, remarks Lee.
Based on insights from The Block’s ETH pricing data, ether exchanged hands near $2,322 on Monday, dropping 0.4% within a 24-hour window.
Ethereum price. Image: The Block.
Shares of Bitmine concluded Friday’s session at $22.40, marking a 0.4% decline, per statistics available on The Block’s BMNR tracker.
Originally published at https://www.theblock.co/news/business/2026-10-26-tom-lee-insists-crypto-bull-market-is-underway-as-bitmine-adds-10452-eth-431743.
