Tom Lee’s BitMine Immersion Technologies bought another 12,532 ETH over the past week, lifting its Ethereum treasury to 6,028,946 tokens, or approximately 6.03 million ETH. The company announced the figures on October 12, based on holdings as of October 11.
The newly acquired tokens are worth approximately $31.9 million at the release’s reference price of $2,544 per ETH. That figure is a valuation rather than a disclosed purchase cost: BitMine did not provide the acquisition’s total spending or average execution price.
BitMine reported $16.2 billion in combined crypto, cash, marketable securities and other investments, including $612 million in cash and marketable securities. Its staked balance remained at 5,067,309 ETH, roughly 84% of its treasury, with projected annualized staking revenue of $336 million at the reported yield.
The addition follows BitMine’s 15,112-ETH purchase disclosed October 5, which brought holdings to 6,016,414 ETH. The latest weekly acquisition was about 17% smaller, although it extended the buying streak that Lee says has continued every week since June 30, 2025.
BitMine said it owns 4.9% of Ethereum’s supply and is approximately 99% of the way toward its 5% target. As CoinScreamer previously reported, Lee described that threshold as a hard cap at TOKEN2049 Singapore, saying the company would stop accumulating beyond it.
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