Bitmain increases Ethereum holdings to 4.9% of total supply

Bitmain Immersion Technologies (NYSE: BMNR) announced that its Ethereum (ETH) holdings reached 5,956,378 ETH as of October 13 (ET), representing 4.9% of the total supply of 122 million ETH. The company's total valuation, including crypto assets, cash, securities, and "moonshot" investments, has reached $15.8 billion. Additionally, the company reported 5.06 million ETH staked, valued at $12.7 billion, while leadership highlighted bullish factors such as the CLARITY Act.