Bitmine says crypto price declines offer attractive risk-reward opportunities
BMNR•Bitmine said cryptocurrency declines offer attractive risk-reward opportunities and reported holding 6,041,481 ETH, or 4.9% of total supply, as of October 18, 2026. Its cryptocurrency, cash, marketable securities and investment holdings totaled $15.1 billion.
1. Holdings and purchases
Bitmine Chairman Thomas Lee attributed recent cryptocurrency pressure to reduced investor risk appetite amid AI concerns, geopolitical tensions and rising bond yields. He characterized price declines as attractive risk-reward opportunities when fundamentals remain resilient. Bitmine said it purchased 12,535 ETH during the latest week and held 6,041,481 ETH as of October 18, 2026, representing 4.9% of total supply.
