• Bitmine reported holding 6,028,946 ETH as of Oct. 11, 2026, after adding 12,532 ETH in the prior week.
• That is about 4.9% of Ethereum's roughly 122.1 million token supply, with 84% (5,067,309 ETH) staked.
• Bitmine projects about $336 million of annualized staking revenue at a 2.61% seven-day yield, and about $400 million once fully staked. These are company projections, not audited results.
• Tom Lee's 'largest ever crypto bull market' remark is an opinion from the chairman of a company with a large ETH position, not independent evidence.
• Watch the weekly pace of additions, the staking yield and the cash buffer of $612 million.

Bitmine added 12,532 ETH last week and now holds 6,028,946 ETH as of Oct. 11, 2026, according to its weekly disclosure as reported by The Block. That is about 4.9% of Ethereum's 122.1 million token supply. The more consequential number is that 84% of it is staked, which turns a treasury into an income-producing position.

The treasury is mostly a staking position

Of the 6,028,946 ETH Bitmine reports, 5,067,309 ETH is staked through MAVAN and staking partners, per the company's figures. At a 2.61% seven-day yield, Bitmine projects about $336 million in annualized staking revenue, rising to roughly $400 million once fully staked. These are company projections, and yield varies with network conditions, so the income is a forecast, not a settled receipt.

Pace of buying matters less than carry

A weekly addition of 12,532 ETH is small against a 6.03 million ETH base, so the holding changes slowly from week to week. The staking yield and the company's $612 million in cash and marketable securities, per its release, are the figures that determine how long it can keep adding. Combined crypto, cash and investments total $16.2 billion, with the ETH valued at $2,544 per token.

Lee's bull-market call is opinion

Tom Lee told The Block he sees potential for the largest-ever crypto bull market, and argued that digital asset treasuries remove supply from the market permanently. Neither point is independently verified here. Bitmine is itself a large holder, so the claim comes from a party with a stake in the outcome and should be read as a view, not data.

What to watch next

Readers tracking Ethereum as financial infrastructure should watch three things in the next weekly updates: whether additions stay near 12,500 ETH, whether the staked share rises above 84%, and whether the realized yield stays near the 2.61% seven-day figure. A single concentrated holder owning nearly 5% of supply is also a governance and liquidity concentration risk worth monitoring.