bitmine

BitMine, led by Tom Lee, has added 24,266 $ETH to the company’s #Ethereum treasury as it is approaching one of its key shareholder votes. This acquisition is happening days before shareholders will vote on a plan associated with the long term ETH strategy by BitMine.
Why is BitMine Scooping Ethereum Fast?
BitMine revealed in a press statement that it purchased 24,266 ETH in the previous week and its cash balance increased. The company reported a total of approximately 4.17 million ETH holdings.
This acquisition comes right after the 32,977 ETH #BitMine bought last week. This is the latest acquisition and points to the aggressive ETH treasury policy by BitMine.
The company seeks to raise its ETH per share and not depend on gains from ETH price increases. According to the company information, BitMine currently owns approximately 3.45% of the total supply of Ethereum, and it is the largest holder of the treasury in the world.
The acquisition also supports the expanding staking program of BitMine. More than 1.25 million #ETH is staked currently by many providers.
BitMine Vote May Influence ETH Strategy
The ETH purchases precede the annual shareholder meeting of BitMine on Jan. 15 in Las Vegas. The electoral deadline is 14 Jan. at 11:59 pm EST. Meanwhile, a recent update about BitMine’s ETH staking contributed to a BMNR stock surge, indicating that investors are responding to the BitMine treasury activities.
Chairman Tom Lee encouraged shareholders to vote in support of the proposal which would increase the number of authorized shares in the company. Most public companies have a 51% threshold or even less and Lee indicated that majority shares of 50.1% is needed to pass the proposal.
Lee cautioned that BitMine now has a close of 500 million of approved shares. Unless sanctioned, the purchasing power of the company to continue to purchase ETH would drop significantly.
He also stated that BitMine only issues shares at a premium price of modified net asset value. According to him, this structure is necessary as it safeguards the shareholders and offer more ETH exposure.

🚀 Bitmine Accelerates Ethereum Staking, Surpassing 1 Million ETH Worth $3.33B

Bitmine has rapidly expanded its Ethereum staking operations, staking 86,400 ETH (~$266.3 million) on January 10, 2026, bringing its total staked holdings to 1,080,512 ETH valued at approximately $3.33 billion.

The aggressive expansion began on December 26, 2025, with an initial 74,880 ETH deposit. Under the oversight of Tom Lee, co-founder of Fundstrat Global Advisors and Bitmine chairman, the firm has now accumulated over 4.1 million ETH, representing 3.43% of Ethereum’s total supply.
Bitmine has shifted from passive accumulation to active yield generation, staking roughly one-quarter of its holdings to earn rewards. With current annual staking yields near 3.12%, the staked 1.08 million ETH could generate around 33,700 ETH per year.
The staking acceleration has been remarkable:
Dec 26–28, 2025: 342,560 ETH (~$1B) staked in just two days.Jan 4, 2026: Total staked ETH reached 659,219 (~$2.1B), a one-week increase of 250,592 ETH.Jan 6, 2026: Additional $1.46B staked.Jan 8, 2026: 99,800 ETH (~$344.4M) added, totaling 908,192 ETH (~$2.95B).Jan 10, 2026: 86,400 ETH (~$266.3M) staked, pushing the total past 1 million ETH.
In just the first 10 days of January 2026, Bitmine deployed over $1 billion into Ethereum staking, marking one of the fastest institutional staking expansions in Ethereum history.

#Ethereum #ethstaking #CryptoInstitutional #Bitmine #BlockchainGrowth