BitMine increased its holdings of 12535 ETH last week, bringing its total holdings to approximately 6.041 million ETH According to Foresight News, BitMine increased its holdings of 12535 Ethereum coins last week. As of October 18, 2026, its total Ethereum holdings reached 6041481, accounting for approximately 4.9% of the total Ethereum supply. At present, BitMine holds a total value of approximately $15.1 billion in cryptocurrencies, cash, and other investment assets, including $582 million in cash and securities, 215 bitcoins, $180 million in Beast Industries equity assets, and $74 million in investment in Eightco Holdings (ORBS). In addition, the amount of Ethereum it has pledged remains at 5067309 (accounting for 84% of its total holdings), valued at approximately $12 billion, with current annualized pledge income of approximately $309 million. \BitMine Chairman Tom Lee stated in the company's weekly report that investors' risk appetite has shrunk in recent weeks due to concerns over AI financing and AI model security issues, the escalation of the US Iran conflict, US midterm election anxiety, and a general rise in global bond yields. This has led to a sell-off of AI stocks (including semiconductor and storage chip stocks) and further deleveraging in the Korean and Taiwanese markets dominated by semiconductor and storage chip stocks. He pointed out that cryptocurrency assets are widely held in the United States, South Korea, and Taiwan, and when investors in these regions reduce their risk exposure, it will naturally create spillover pressure on the cryptocurrency market; But historically, when fundamentals remain stable and prices fall, it is often an attractive risk return opportunity. Given that cryptocurrency assets benefit from both global financial infrastructure modernization and AI agents, he believes this time is no exception.