Bitmine adds 12,535 ETH as Ethereum price stays below $2,500

Bitmine Immersion Technologies has raised its Ethereum holdings to 6.04 million ETH after buying another 12,535 tokens, even as Ethereum struggles to recover above $2,500 following its recent market decline. According to the company’s October 19 announcement , its combined cryptocurrency, cash, marketable securities and strategic investments were valued at approximately $15.1 billion as of October 18. The NYSE-listed company reported owning 6,041,481 ETH, representing approximately 4.9% of Ethereum’s stated 122.1 million-token supply. Bitmine chairman Tom Lee said the company has continued purchasing ETH every week since adopting its Ethereum treasury strategy on June 30, 2025. Ethereum was trading at approximately $2,422.48 at press time, gaining 0.50% in 24 hours while declining 4.80% over the preceding seven days.

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