Bitmine Increases Ethereum Holdings by 12,532 ETH Amid Bullish Forecast
Bitmine's Ethereum treasury now holds 6.03 million ETH, representing 4.9% of the total supply.
Bitmine's Ethereum treasury now holds 6.03 million ETH, representing 4.9% of the total supply. Ethereum (ETH) is trading at $2,522.50, down 0.7% since this brief published. This is an original TLT brief based on reporting by The Block, with live market data added, as of Mon, 12 Oct 2026 15:00:03 UTC.
Bitmine's significant accumulation of Ethereum, coupled with bullish forecasts, could signal growing institutional confidence in Ethereum's long-term value proposition.
- Bitmine added 12,532 ETH last week, bringing its total to 6.03 million ETH.
- The firm's Ethereum holdings now represent 4.9% of the total supply.
- 84% of Bitmine's ETH is currently staked.
- Ethereum price is up 1.59% in the last 24 hours.
- BitMine's Massive Ethereum Accumulation Could Trigger Demand Cliff
- Bitmine Increases Ethereum Holdings by 12,532 ETH Amid Bullish Forecast — this brief
Bitmine, a major 
Ethereum treasury firm, has significantly increased its Ethereum holdings by adding 12,532 ETH last week. This brings the firm's total Ethereum holdings to 6.03 million ETH, which is equivalent to 4.9% of the total Ethereum supply.
According to reports from The Block and Decrypt, 84% of Bitmine's Ethereum holdings are currently staked. This substantial staking percentage indicates the firm's long-term commitment to Ethereum and its ecosystem.
The news comes as Ethereum's price has shown a modest increase of 1.59% in the last 24 hours, trading at $2,539.62. Despite this, the overall crypto market remains relatively flat, with a total market cap of $2.88 trillion.
The accumulation of Ethereum by Bitmine coincides with a prediction by Tom Lee, who forecasts the potential for the largest-ever crypto bull market. This prediction, reported by Decrypt, adds a bullish backdrop to Bitmine's recent accumulation.
The Fear & Greed Index currently stands at 69, indicating 'Greed' in the market. This suggests that investor sentiment remains positive, although not overwhelmingly so.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,539.62 to $2,522.50 — -0.67%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.45M (about $2,522.50), up 0.7% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitmine Increases Ethereum Holdings by 12,532 ETH Amid Bulli — questions & answers
How much Ethereum does Bitmine now hold?
Bitmine holds 6.03 million ETH, representing 4.9% of the total supply.
What percentage of Bitmine's Ethereum is staked?
84% of Bitmine's Ethereum holdings are currently staked.
What is Tom Lee's prediction for the crypto market?
Tom Lee predicts the potential for the largest-ever crypto bull market.
How much is 1 Ethereum worth in naira today?
About ₦3.45M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,522.50. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.67% since this brief first published — trading at $2,522.50 now versus $2,539.62 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Block. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.