BitMine Keeps Accumulating: ETH Holdings Hit 6.04 Million After Adding 12,535 ETH

By Kevin · 2026-10-20 · News

Oct. 20 (CandyPulse) — BitMine Immersion Technologies (BMNR) isn't slowing down. The NYSE-listed company said its Ethereum holdings reached 6,041,481 ETH as of Oct. 18, after it added 12,535 ETH over the past week.

Key takeaways

BitMine holds 6,041,481 ETH, up from 6,028,946 ETH a week earlier
That's about 4.9% of Ethereum's roughly 122.1 million token supply
5,067,309 ETH (84%) is staked, earning an estimated $309 million a year
Total crypto, cash and securities came to about $15.1 billion, down from $16.2 billion
BitMine needs about 89,000 more ETH to reach its goal of owning 5% of supply

The numbers at a glance

Metric	Figure
Total ETH held	6,041,481 ETH
Added this week	12,535 ETH
Share of ETH supply	~4.9%
ETH staked	5,067,309 ETH (84%)
Estimated yearly staking income	~$309 million
ETH reference price	$2,365 (per Coinbase)
Total holdings value	~$15.1 billion (from $16.2 billion)
Gap to 5% target	~89,000 ETH

Buying while the price is down

Here's the twist: BitMine added ETH, yet its total holdings value fell by about $1.1 billion in a week. The reason is the price. ETH slipped to around $2,365 in BitMine's disclosure, with markets trading near $2,400 the same day. The drop in price outweighed the new purchase.

That hasn't stopped the company. Its approach is long term: buy steadily, stake most of what it holds, and earn yield while waiting for the price to recover.

Why it matters

BitMine is now one of the largest single holders of ETH in the world. With 84% staked, it also plays a growing role in securing the Ethereum network. Our earlier report covered how BitMine passed 6 million ETH.

Staking demand has been strong across the market. Read why ETH is waiting in line in staking queues and what the 1.5 million ETH staking queue means.

What's next

At its current pace, BitMine could cross the 5% mark within weeks if it keeps buying. Watch next Monday's update for the latest figure. For the bigger picture on Ethereum's future, see Vitalik Buterin's 2030 vision explained.

Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile and can lose value. Always do your own research before making any investment decision.