Tom Lee’s Bitmine expands staking with 86,400 Ethereum, $266M move
The move continues the aggressive staking expansion that began December 26, 2025, when the company first deposited 74,880 ETH. Tom Lee, Fundstrat Global Advisors co-founder and Bitmine chairman, has overseen the accumulation of over 4.1 million Ethereum eth1.93%Ethereum representing 3.43% of ETH’s total supply. The company has shifted from passive accumulation to active yield generation, with roughly one-quarter of its holdings now staked for rewards. At current staking yields near 3.12% annually, the 1.08 million staked ETH could generate approximately 33,700 ETH per year.
December to January Ethereum staking acceleration Bitmine started staking operations December 26 with a $219 million deposit. The activity accelerated quickly, with the company staking 342,560 ETH worth approximately $1 billion in just two days through December 28. By January 4, 2026, total staked ETH reached 659,219 tokens valued at $2.1 billion, representing an increase of 250,592 ETH in a single week. The pace continued into January with an additional $1.46 billion staked January 6. January 8 saw Bitmine stake approximately 99,800 ETH worth roughly $344.4 million, bringing total staked holdings to 908,192 ETH valued at $2.95 billion. The January 10 deposit of 86,400 ETH pushed the total past 1.08 million tokens. The staking timeline shows Bitmine deployed over $1 billion into staking during the first 10 days of January 2026.