BitMine Immersion Technologies reported that its crypto, cash, and equity holdings were worth $15.1 billion on October 18, down from $16.2 billion a week earlier. The company bought 12,535 ETH over the week, bringing its treasury to 6,041,481 tokens, representing 4.9% of the total ETH supply of 122.1 million. ETH was priced at $2,365 per token, its lowest level since August 16. Chairman Tom Lee warned about shrinking risk appetite among investors, citing concerns over AI funding and AI model safety, as well as the escalating US-Iran war and US midterm elections. Annual staking revenue is estimated at $309 million on the 5,067,309 ETH staked, with a 2.58% seven-day yield.
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