Bitmine Immersion Technologies, Inc. reported 6,041,481 Ether (ETH) in holdings on Oct. 18, leaving an estimated 63,519 ETH before it reached a 5% supply target based on its stated supply figure.
In an Oct. 19 release furnished with a Form 8-K, Bitmine put total supply at 122.1 million ETH. Five percent of that figure is 6,105,000 ETH. The difference between that threshold and Bitmine's reported balance is an estimate; the supply figure is rounded, so the gap is approximate.
The release said Bitmine acquired 12,535 ETH during the week through Oct. 18. The 6,041,481 ETH figure reflects Bitmine's position at 3 p.m. ET on Oct. 18. EconoTimes previously covered the holdings snapshot and 5% supply target.
Bitmine Chairman Tom Lee said the company had maintained weekly Ether purchases since its ETH Treasury Strategy began June 30, 2025. The release put Bitmine's staked Ether balance at 5,067,309 ETH on Oct. 18.
Bitmine estimated annualized staking revenue at $309 million based on about 5.1 million ETH staked. Its estimate was $369 million in a scenario where all its ETH was staked. Neither projection represents revenue already earned.
