tomlee

BitMine, led by renowned investor Tom Lee, has just announced another massive Ethereum acquisition. The company added 24,266 ETH to its treasury just days before a crucial shareholder vote on a long-term Ethereum accumulation strategy.

Aggressive Strategy: BitMine Expands ETH Reserves
According to an official press release, BitMine not only increased its cash balance last week but also boosted its ETH holdings to a total of 4.17 million coins. This move follows a previous purchase of 32,977 ETH, reflecting the company’s aggressive treasury policy that aims to grow exposure to ETH independent of price speculation.
BitMine emphasized it does not rely solely on ETH price gains but aims to systematically raise the ETH-per-share ratio. The company now holds approximately 3.45% of Ethereum’s total supply, making it the largest known institutional ETH holder worldwide.
Additionally, BitMine is backing its staking program, which now includes over 1.25 million ETH staked through various providers.

Shareholder Vote to Shape Ethereum Accumulation Strategy
These acquisitions come just before BitMine’s annual shareholder meeting, scheduled for January 15 in Las Vegas. The voting deadline is January 14 at 11:59 PM EST. A recent update on BitMine’s ETH staking strategy led to a sharp rally in $BMNR stock, indicating strong investor interest in the company’s treasury activities.
Tom Lee, the company’s chairman, urged shareholders to support the proposal that would allow for an increase in the number of authorized shares. He warned that BitMine is nearing its limit of 500 million approved shares, and without the vote passing, the company’s ability to continue acquiring ETH could be severely restricted.
Lee also explained that BitMine only issues new shares at a premium to adjusted net asset value, which he believes protects shareholders while increasing their exposure to Ethereum.

Institutional Demand and Importance of Voter Participation
VanEck’s Matthew Sigel highlighted the importance of shareholder engagement, stating that low voter turnout has often created delays and uncertainty for digital asset companies in the past.
Sigel warned that even a small percentage of non-voting shareholders could derail the process. He referenced cases like $BTBT, where failure to meet voting thresholds led to postponed meetings, damaging investor confidence.
He added that crypto investors often underestimate the power of corporate voting, and urged BitMine shareholders not to wait or assume the proposal will pass on its own. Institutional appetite for Ethereum remains strong, with staking yields and ETF flows pointing to long-term confidence in the asset.
The result of this vote could significantly influence BitMine’s ability to continue building its ETH treasury. Without approval, further Ethereum purchases may no longer be possible.

#ETH , #Bitmine , #TomLee , #crypto , #Altcoin

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The "Smart Money" isn't just watching Ethereum anymore—they are cornering the market. BitMine Immersion Technologies, guided by Chairman Tom Lee, has executed another massive strategic play, locking up an additional 86,400 ETH ($266 million) as of January 10, 2026.
This isn't a trade; it's a takeover of the yield curve.
THE DATA: A 4.1 MILLION ETH FORTRESS
BitMine’s aggression is setting a new standard for institutional crypto adoption. Following a rapid accumulation pattern starting in late 2024, the numbers are staggering:
Total Staked: 1.08 Million $ETH (~$3.33 Billion).Total Holdings: Over 4.1 Million ETH (~3.43% of total circulating supply).Daily Revenue: The staked assets alone are generating over $1 million per day in passive rewards.FROM MINERS TO BANKERS
Under Tom Lee’s leadership since June 2025, BitMine has pivoted from traditional Bitcoin mining to becoming a dominant Ethereum infrastructure provider. By launching their U.S.-made Validator Network in Q1 2026, they are transitioning from seeking digital gold to running the digital rails of global finance.
THE MARKET IMPACT: SUPPLY CRUNCH INCOMING? 📉
BitMine’s buying spree has extended the Ethereum validator entry queue to over 31 days. With 29% of the total ETH supply now staked and locked network-wide, the liquid supply available for purchase is shrinking rapidly.
Basic economics applies: When demand creates a 31-day line to enter, and supply is ripped off exchanges, price discovery usually heads in one direction.
THE BOTTOM LINE
BitMine is treating Ethereum not just as a commodity, but as a treasury bond with tech-stock upside. They are betting $14 billion that ETH is the future of yield.
With institutions removing supply this fast, are we looking at the ultimate squeeze? 👀
#Ethereum✅ #TomLee