Bitmine (NYSE: BMNR) added 12,535 ETH in the past week, bringing its ether holdings to 6,041,481 ETH, but the total value of its assets fell for a second straight week to $15.1 billion as of Oct. 18, down from $16.2 billion and $17.4 billion in the two prior updates. The decline reflects ether valued at $2,365 per token, down from $2,544 a week earlier. Chair Tom Lee said investor risk appetite has contracted amid worries over AI funding and model safety, U.S.-Iran tensions, the U.S. midterm elections and rising global bond yields, and argued that periods when fundamentals hold up while prices fall have historically offered attractive risk/reward opportunities. Besides ether, Bitmine holds 215 BTC, a $180 million stake in Beast Industries, a $74 million stake in Eightco Holdings (NASDAQ: ORBS), and $582 million in cash and marketable securities. Its ether equals 4.9% of the 122.1 million ETH supply, short of its 5% goal, and 5,067,309 ETH is staked.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bitmine’s Holdings Value Falls to $15.1 Billion Even as Its Ether Stash Keeps Growing
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/18/2026 | 2,410.31 |
| Change that session | +0.31% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
- JPMorgan Picks Ethereum for JPM Coin, Citing the Network’s Liquidity and Client Use
JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.
- Bitmine Immersion Technologies ( BMNR ) Announces ETH Holdings Reach 6 . 04 Million Tokens , and Total Crypto and Total Cash & Marketable Securities Holdings of $15 . 1 Billion
As of October 18, 2026, Bitmine reports total crypto, cash, marketable securities and 'moonshot' holdings of $15.1 billion, including 6,041,481 ETH and $582 million in cash and securities. It has 5,067,309 ETH staked on its MAVAN platform, worth about $12 billion at $2,365 per ETH, and bought 12,535 ETH over the past week. Chairman Thomas Lee attributes recent crypto weakness to AI-stock selloffs, US-Iran tensions, US midterm uncertainty and rising bond yields, and argues that past declines with strong fundamentals have been attractive opportunities. The company holds 4.9% of the 122.1 million ETH supply and says full staking would yield about $369 million annually.
- JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg
JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.
- BREAKING: JPMorgan Expands JPM Coin Deposit Token to Ethereum Network
JPMorgan is bringing its USD-denominated deposit token, JPM Coin (JPMD), to the Ethereum mainnet for institutional clients, extending its push into blockchain payments. The token, which represents US dollar deposits at the bank, was first launched last year on Base and lets clients send and receive money in real time, 24/7. Emma Landriault, global head of Kinexys Labs, described the move as further convergence between Wall Street and crypto, with banks moving onto public chains and crypto firms partnering with traditional institutions. JPMorgan already has tokenized money market funds MONY and JLTXX on Ethereum, and it now adds a cash leg. Ether traded near $2,434 after a rebound, with trading volume up 42% over 24 hours.
- Ethereum Dramatically Outperformed the S&P 500 in Q3. Is It Finally Time to Load Up on Ethereum?
Ethereum rose 66% in the third quarter, its best quarter since 2021, while the S&P 500 gained 2% amid global uncertainty. Still, ETH is down 37% over five years, while an S&P 500 index fund with dividends reinvested would have returned 85%, so it would need to gain a lot to catch up. The article argues one strong quarter doesn't justify overbuying, though owning some makes sense since Ethereum hosts $147.9 billion in stablecoins and $17 billion in tokenized real-world assets. The chain collected $354,748 in fees over the 24 hours ending Oct. 14, and its Glamsterdam upgrade, live on a test network since Oct. 6, is slated for mainnet in the fourth quarter.
Related markets
Latest news
- CoreWeave Dropped 20% Last Week. Is It Time to Panic or Buy?
CoreWeave shares fell more than 20% as of Oct. 16, driven mainly by concerns over debt and spending. The company carries about $35 billion in total debt against $5.5 billion in cash, with net interest payments reaching $640 million in the second quarter alone, unsecured bond yields approaching 15%, and an S&P rating of B+. Capital expenditure was just over $16 billion in the first half of 2026 and could reach $39 billion for the year, roughly triple its $12.4 to $13.2 billion revenue guidance. States are also weighing restrictions on data centers. On the positive side, second-quarter revenue rose 112% year over year and the backlog exceeded $104 billion. The author has reservations and sees the drop as an opportunity only for the most risk-tolerant investors, who might build a position slowly, while the company needs to prove it can convert its backlog efficiently and manage debt.
- Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade
Apple's first foldable iPhone, the iPhone Duo, sold out within minutes of its worldwide preorders opening on Oct. 16, but buyers who ordered more than an hour later face a delay of nearly three months, according to Korea JoongAng Daily, which puts the U.S. starting price at $1,999. One unnamed supply-chain source said Foxconn's final-assembly yield was just above 60% heading into late September, against the 90%-plus rate Apple typically expects, and the hinge, which holds more than 100 parts, is cited as a constraint. Analyst Jeff Pu cut his 2026 shipment estimate from 7 million to 6 million, while reported forecasts range from about 6 million to 10 million units. The article also recalls that Skyworks Solutions, identified as the power-amplifier supplier of the original iPhone, rose about 1,200% over a decade, though those figures cover price only.
- Why Sandisk Stock Shot Higher Today
Sandisk shares jumped as much as 8.3% and were still up 7.9% at 11:24 a.m. ET, helped by a tech rebound and positive news in high-bandwidth memory (HBM). Nvidia has developed NVHBM, a custom HBM die with 15% lower power consumption and 30% higher bandwidth that links NVLink and HBM chips. A Seoul Economic Daily report says Nvidia asked Samsung Electronics to use TSMC's 3-nanometer process to make NVHBM dies, the first such collaboration between the two. Nvidia has also approached Micron and SK Hynix to standardize the process, which could free compute-die space for up to 30% additional compute. The article argues this suggests AI adoption still has room to grow, which would also benefit memory suppliers, and notes Sandisk trades at 19 times earnings and 6 times forward earnings.
- Prediction : Amazon Next Chapter Could Be Its Most Important One Yet
24/7 Wall St. sets a price target of $332.67 for Amazon (AMZN), 30.4% above the current $255.20, and rates the stock a buy with 70% confidence. The thesis rests on AWS, which grew 37% last quarter, its fastest pace in 18 quarters, while Amazon plans to spend about $200B in 2026 on AI infrastructure, chips, robotics and satellites. The article flags risks: trailing free cash flow turned negative at about -$7.6B after second-quarter capex rose 68.44%, and long-term debt climbed to $119.1B from $65.6B. It compares Amazon's valuation with Microsoft and Alphabet, and says the author would stay constructive if AWS growth stays above 30% and free cash flow turns positive in 2027.
- Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?
Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.
- Social Security Trust Fund Depletion drives 3 . 6 % VA increase in 2027
The Social Security Administration announced on Oct. 14 that the 2027 COLA will be 3.6%, the largest increase in four years. Because federal law ties VA disability benefits to this COLA, the same 3.6% would apply to VA compensation if Congress passes the Veterans' Compensation Cost-of-Living Adjustment Act. More than 6 million veterans receiving disability compensation would get higher monthly payments; a 10% rating would rise from $180.42 to $186.92, and an 80% rating with a spouse and child from $2,406.15 to $2,492.77. The increase also extends to dependent allowances, clothing allowances, and dependency and indemnity compensation for surviving spouses and children. The VA has not yet published 2027 rate tables, and the adjustment becomes official only once Congress approves the act.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.