TLDR
- BitMine staked 61,232 ETH worth about $142 million, according to Lookonchain data.
- BitMine now has 3,395,869 ETH staked, valued at about $7.88 billion.
- The company holds 4.976 million ETH, equal to more than 4% of total supply.
- About 68.24% of BitMine’s ETH holdings are now locked in staking contracts.
- BitMine has reached 82% of its stated goal to hold 5% of ETH supply
Tom Lee’s BitMine staked another $142 million in ETH today, adding to its fast-growing Ethereum treasury. Reported on-chain data showed the firm moved 61,232 ETH for staking about one hour before the update. The transaction added to a wider strategy centered on holding ETH and earning yield rather than reducing exposure.
BitMine adds another large ETH staking move
Foresight News reported, citing Lookonchain data, that BitMine staked 61,232 ETH worth about $141.95 million. The latest transfer lifted the company’s total staked ETH to 3,395,869 coins. That stack was valued at about $7.88 billion at the time of reporting.
The staking total now accounts for 68.24% of BitMine’s total ETH holdings. The move suggests the company is placing a large share of its treasury into long-term network participation. Staking allows holders to lock ETH and receive rewards for helping secure Ethereum.
This latest action did not come as a one-off test. Instead, it added to a pattern of steady accumulation and staking. BitMine has continued to expand its Ethereum position while much of the market remains focused on daily price moves.
Holdings rise above 4% of Ethereum supply
BitMine now holds about 4.976 million ETH, according to the figures provided. That gives the company control of more than 4% of Ethereum’s total supply. It also places BitMine among the largest known ETH treasury holders in the market.
The company has reached 82% of its stated goal to hold 5% of Ethereum’s supply. Reports said it reached that level in about nine months. During one recent week, BitMine added more than 100,000 ETH to its holdings.
Coincentral reported on April 21 that BitMine also bought $234 million worth of ETH in a separate purchase. That report said the firm’s strategy has centered on building a larger treasury over time. It also said the company now controls around 4.12% of ETH in circulation.
Yield strategy shapes BitMine’s Ethereum plan
More than 3.3 million ETH is now staked, and the position is generating over $200 million in annualized yield, based on the figures provided. That suggests BitMine is not treating the holdings as a short-term trade. Instead, the company appears focused on treasury growth and recurring staking income.
Tom Lee has tied that strategy to a broader view on Ethereum’s role in financial markets and digital infrastructure. Quoted Lee as saying, “We see growing signs that the ‘mini-crypto’ winter is coming to an end.” The report also said he pointed to stronger institutional demand and better market conditions.
The same report said Lee sees Ethereum as a base layer for tokenization and AI-linked systems. Those themes have helped shape BitMine’s buying and staking activity in recent months. For now, the latest $142 million staking move adds to clear evidence that the company continues to build, hold, and lock up ETH.
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