BMNR Stock Price: BitMine Adds Over 12.5K ETH, Nears 5% Target

Key Insights: BMNR stock price traded near $24.01 on October 12, down 0.12% from its previous close. Bitmine reported 6,016,414 ETH, equal to 4.9% of Ethereum’s stated 122.1 million token supply. The company reported 5,067,309 staked ETH and projected $363 million in annualized staking revenue. Bitmine Immersion Technologies reported a new Ethereum purchase as its treasury neared the company’s stated 5% supply target. This came as the BMNR stock price traded near $24.01 on October 12. Bitmine’s update also detailed its staked holdings, other assets, preferred shares, and management’s expectations for the crypto market.