{"id":79406,"date":"2026-10-12T14:56:14","date_gmt":"2026-10-12T14:56:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitmine-surpasses-6m-eth-closing-in-on-5-of-ethereum-supply-bitcoin-news\/"},"modified":"2026-10-12T14:56:14","modified_gmt":"2026-10-12T14:56:14","slug":"bitmine-surpasses-6m-eth-closing-in-on-5-of-ethereum-supply-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitmine-surpasses-6m-eth-closing-in-on-5-of-ethereum-supply-bitcoin-news\/","title":{"rendered":"Bitmine Surpasses 6M ETH, Closing In on 5% of Ethereum Supply \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitmine now holds 6.03 million ETH, representing 4.9% of Ethereum\u2019s supply and nearing its 5% target.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitmine has staked $12.9 billion in ETH, with projected annual rewards currently reaching $336 million.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Tom Lee expects tokenization, wealth transfers and institutional demand to fuel the next crypto bull market.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitmine Adds 12,532 ETH as Treasury Reaches $16.2 Billion<\/h2>\n<p>Bitmine\u2019s <a href=\"https:\/\/www.prnewswire.com\/apac\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-6-03-million-tokens-and-total-crypto-and-total-cash--marketable-securities-holdings-of-16-2-billion-302905382.html\" target=\"_blank\" rel=\"noopener noreferrer\">latest announcement<\/a> revealed that the company acquired another 12,532 ETH over the preceding week, extending a purchasing streak that <a href=\"https:\/\/news.bitcoin.com\/featured\/tom-lee-bottom-biggest-bull-market-bitmine-5-percent-ether-cap\/\">Chairman Tom Lee<\/a> says has continued without interruption since June 30, 2025.<\/p>\n<p>\u201cOver the past week, we acquired 12,532 ETH. Bitmine\u2019s track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025,\u201d Lee disclosed Monday morning.<\/p>\n<p>As of Oct. 11, the company\u2019s holdings included 6,028,946 ETH valued at approximately $15.34 billion, using an ethereum price of $2,544. Its broader portfolio includes 214 BTC, $612 million in cash and marketable securities, a $180 million investment in <a href=\"https:\/\/news.bitcoin.com\/sen-warren-questions-mrbeast-on-step-acquisition-amid-teen-crypto-concerns\/\">Beast Industries<\/a>, and an $85 million stake in Eightco Holdings.<\/p>\n<p>Bitmine is now 99% of the way toward its stated ambition of controlling 5% of Ethereum\u2019s token supply. At the reported supply level of 122.1 million ETH, reaching that threshold would require approximately 6.105 million tokens, leaving roughly 76,000 ETH to go.<\/p>\n<h2>$12.9 Billion Staked and $400 Million in Potential Annual Rewards<\/h2>\n<p>Beyond accumulating ethereum, <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/tom-lees-bitmine-nears-5-ether-supply-41m-eth-buy\/\">the digital asset treasury (DAT) firm Bitmine<\/a> has been putting its substantial holdings to work. The company reported that 5,067,309 ETH, approximately 84% of its treasury, are currently staked, representing $12.9 billion at its reference price.<\/p>\n<p>That position generates staking rewards, which Bitmine estimates currently translate into approximately $336 million annually. Lee believes the figure could climb considerably as the company expands its Made in America Validator Network (MAVAN).<\/p>\n<p>Bitmine states:<\/p>\n<blockquote>\n<p>\u201cAt scale (when Bitmine\u2019s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $400 million on an annualized basis (using 2.61% 7-day BMNR yield).\u201d<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/news.bitcoin.com\/tom-lees-bitmine-launches-mavan-instantly-becomes-worlds-largest-ethereum-staking-platform\/\">Launched earlier this year<\/a>, MAVAN has expanded beyond Bitmine\u2019s internal treasury operations to serve institutional investors, custodians and other participants seeking Ethereum staking infrastructure.<\/p>\n<h2>Tom Lee Sees the Biggest Crypto Bull Market Ahead<\/h2>\n<p>Lee isn\u2019t exactly keeping his market expectations under wraps. \u201cWe believe Bitmine is positioned to outperform the crypto bull market that we expect to be coming, as the company has strengthened its competitive position over the past year in the midst of a crypto winter (bear market),\u201d Lee explained on Monday.<\/p>\n<p>The chairman argues that tokenization, generational wealth transfers, artificial intelligence and corporate cryptocurrency treasuries could help fuel the next market expansion. Lee also highlighted Bitmine\u2019s relative stock performance during the first nine months of 2026, when ethereum declined 10% while BMNR slipped just 3%.<\/p>\n<p>The company remains the world\u2019s largest publicly traded ethereum treasury, trailing only <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/strategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares\/\">the bitcoin-centric DAT Strategy<\/a> in reported aggregate crypto treasury value. Yet Bitmine\u2019s extraordinary concentration in a single cryptocurrency cuts both ways. The same enormous position that offers considerable upside during a bull market exposes shareholders to substantial losses if <a href=\"https:\/\/www.bitcoin.com\/price\/ethereum\/\" target=\"_blank\" rel=\"noopener noreferrer\">ethereum prices<\/a> deteriorate.<\/p>\n<p>With its 5% accumulation target nearly achieved, Bitmine\u2019s next challenge may be proving that owning such a large slice of ETH translates into lasting shareholder value. The company\u2019s stock shuddered this past week, losing 12.8% during the last five trading sessions and opening lower on Monday during pre-markets. Still, over the last three months, <a href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-BMNR\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitmine\u2019s BMNR shares<\/a> are up more than 55%.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/strategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/strategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares\/\"><img alt=\"Strategy Buys More Bitcoin and Retires Nearly 2M STRC Shares\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fstrategy-buys-more-bitcoin-and-retires-nearly-2m-strc-shares-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Michael Saylor&#8217;s Strategy has expanded its bitcoin treasury to 848,250 BTC after acquiring another 250 BTC for approximately $21.5 million.\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/bitmine-surpasses-6m-eth-closing-in-on-5-of-ethereum-supply\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitmine now holds 6.03 million ETH, representing 4.9% of Ethereum\u2019s supply and nearing its 5% target. Bitmine has staked $12.9 billion in ETH, with projected annual rewards currently reaching $336 million. Tom Lee expects tokenization, wealth transfers and institutional demand to fuel the next crypto bull [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":79407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79406"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79406"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79407"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}