Bitmine staked 86,400 Ethereum worth $266.3 million on January 10, bringing total staked holdings to 1,080,512 ETH valued at approximately $3.33 billion.
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 (ETH) 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.
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.
Lee became Bitmine chairman June 30, 2025, immediately pivoting the company from Bitcoin mining to Ethereum treasury management.
The company announced a second $500 million placement in July to accelerate purchases. Starting from zero holdings, Bitmine accumulated 1,150,263 ETH worth approximately $4.9 billion by mid-August 2025.
Holdings reached 3.86 million ETH by December 8 when the company released 2025 earnings. Bitmine surpassed 4 million ETH on December 21, valued at over $12 billion. The company added 98,852 ETH in a single week at an average price of $2,991 per token.
By January 4, 2026, holdings grew to 4,143,502 ETH worth $13.2-14.2 billion. Lee noted Bitmine remained the largest “fresh money” buyer of ETH globally. The company aims to acquire 5% of all Ethereum tokens.
