Key Highlights
- Bitmine shares rose 2.07% to $26.82 on October 5, with the stock’s intraday range spanning $26.43 to $27.29.
- The company reported 6,016,414 ETH holdings, equivalent to approximately 4.9% of Ethereum’s total supply.
- Bitmine valued its ETH holdings at about $16.4 billion, using an ETH price of $2,726 as of October 4.
Bitmine Immersion Technologies, Inc. shares rose 2.07 percent on October 5 after the company reported that its ETH holdings had reached 6,016,414. The stock traded at $26.82 as of 16:00 UTC, up $0.55 from the previous close of $26.27.
According to the data from Yahoo Finance (on Oct 5 at 16:00 UTC), Bitmine shares opened at $26.80. The day’s range stood between $26.43 and $27.29. Trading volume reached 12,519,362 shares, below the average volume of 38,516,896. The company’s intraday market capitalization was approximately $16.16 billion.
The 52-week range extended from $12.80 to $65.60. The stock’s beta measured 1.91 on a five-year monthly basis. Trailing twelve-month earnings per share were reported at -4.50. The one-year target estimate was $45.87. The next earnings date is scheduled for November 20, 2026.
Ethereum holdings update
In an October 5 press release, Bitmine stated that its Ethereum holdings totaled 6,016,414 tokens as of 6:30 p.m. ET on October 4. The figure equaled 4.9 percent of the 122.1 million total ETH supply. The company valued the tokens at $2,726 each using Coinbase pricing.
Bitmine valued its combined crypto, cash and marketable securities, and other investments at $17.4 billion. The total included $643 million in cash and marketable securities, 214 Bitcoin, a $180 million stake in Beast Industries, and a $117 million stake in Eightco Holdings.
The October 5 update continued a weekly purchase program that began with the ETH Treasury Strategy on June 30, 2025. Over the past week, the firm acquired 15,112 ETH. Chairman Thomas “Tom” Lee said Bitmine has purchased ETH every week since the strategy launched.
The firm stood at 99 percent of its stated “Alchemy of 5 percent” objective after roughly 15 months. Earlier weekly disclosures had shown holdings crossing 6 million tokens while remaining short of the 5 percent mark against the same supply figure.
ETH price update
According to CoinGecko data (on Oct 5 at 16:00 UTC), Ethereum traded at $2,686.55, down 0.5 percent over the prior 24 hours. The session range ran from $2,686.13 to $2,736.97. Market capitalization stood at $327.997 billion, with 24-hour trading volume of $12.77 billion. Circulating and total supply were both about 122.108 million ETH.
Over the preceding seven days, the price ranged between $2,652.36 and $2,768.44. The all-time high remains $4,946.05, placing the current price 45.7 percent below that level. The all-time low is $0.433, representing a gain of approximately 620,350 percent from that point.
The 24-hour chart displayed intraday volatility, with multiple peaks near 2,730–2,740 before a decline toward the session low.
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