Bitmine announced it added 12,532 ETH to its reserves over the past week, bringing its total to 6,028,946 ETH, approximately 4.9% of Ethereum’s circulating supply. Chairman Tom Lee said the next crypto bull market could be the largest on record, citing tokenization, generational wealth transfers, corporate treasury accumulation and AI-linked demand as main drivers. The company has purchased ETH every week since launching its Ethereum treasury strategy on June 30, 2025. As of October 11, Bitmine reported $16.2 billion in combined assets, including its ETH holdings, 214 BTC, $612 million in cash and marketable securities, a $180 million stake in Beast Industries and an $85 million stake in Eightco Holdings.
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