# Bitmine's ETH Holdings Drop $1.1 Billion

> Bitmine's crypto holdings fell $1.1 billion despite adding 12,535 Ether as ETH price dropped.
- Title: Bitmine's ETH Holdings Drop $1.1 Billion · TokenPost
- Summary: Bitmine's crypto holdings fell $1.1 billion despite adding 12,535 Ether as ETH price dropped. Bitmine's gross holdings value dropped $1.1 billion in a week…
- Keywords: bitmine, ether, eth, crypto, gross holdings, price drop, finance, Bitmine's, Holdings, Drop, Billion, TokenPost
- Source: TokenPost — https://tokenpost.com/news/business/35724
- Published: 2026-10-20T14:34:14+00:00
- Read time: 1 min
- Topics: bitmine, ether, eth, crypto, gross holdings, price drop, finance
## Bitmine adds 12,535 Ether
Bitmine added 12,535 Ether in the week ended Oct. 18, but its gross holdings value fell $1.1 billion as the price used to value ETH declined.
## Gross Holdings Value
Bitmine held 6,041,481 ETH at 3 p.m. ET on Oct. 18, with crypto assets, cash, securities and other investments totaling $15.1 billion.
## Price Drop Offset ETH Increase
The price used for ETH dropped from $2,544 to $2,365, causing a $179 decline per token that more than offset the increase in ETH balance.
## Key takeaway

Bitmine's gross holdings value dropped $1.1 billion in a week as ETH price fell from $2,544 to $2,365.