Bitmine Expands Ethereum Staking, Acquires Additional $344.4M in ETH

Bitmine, led by Tom Lee, has added nearly 100,000 Ethereum (ETH) to its holdings, valued at approximately $344.4 million, bringing its total ETH ownership to 908,192 ETH, which is worth about $2.95 billion. This move underscores Bitmine's position as a significant player in the Ethereum market.

Key Takeaways

Recent Acquisition: Bitmine has increased its ETH holdings by nearly 100,000 ETH, totaling $344.4 million.
Total Holdings: The company's total Ethereum holdings now stand at 908,192 ETH, valued at approximately $2.95 billion.
Market Position: Bitmine holds 3.43% of the circulating supply of ETH.
Crypto Portfolio: In addition to Ethereum, Bitmine also holds 192 Bitcoin and has a total cash value of $915 million.
Future Goals: The company aims to acquire 5% of the circulating Ethereum supply by the end of 2026.

Bitmine ETH

Bitmine's Ethereum Staking Strategy

On Thursday, Tom Lee’s Bitmine acquired close to 100,000 ETH, worth around $344.4 million. This boosts the company's total Ethereum holdings to 908,192 ETH, valued at approximately $2.95 billion. This acquisition followed an earlier report where Bitmine stated it staked 19,200 ETH, translating to about $60.85 million.

Bitmine's Ethereum Circulating Supply Share

According to previous reports, Bitmine ended last year with a notable addition of 32,977 ETH, even amidst a slowdown in market activity during the last week of 2025. Tom Lee, Chairman of Bitmine, mentioned in a press release: "In the final week of 2025, total equity and crypto activity slowed, and yet we acquired 32,977 ETH in the past week." Bitmine has positioned itself as the largest "fresh money" buyer of Ethereum, now holding 3.43% of the current ETH circulating supply.

In addition to its Ethereum holdings, Bitmine has invested in other digital assets. The firm holds 192 Bitcoin, valued at $17.3 million, a $25 million investment in WLD treasury firm Eightco, and liquid assets totaling $915 million as of January 4.

Increasing Demand for Ethereum Staking

Industry analysts suggest that the ongoing demand for ETH staking may help alleviate short-term selling pressure on the cryptocurrency, potentially leading to an increase in its price. Bitmine has been actively staking Ether since December 26, demonstrating its commitment to Ethereum as a core asset.

Furthermore, Lee has indicated a favorable outlook for the cryptocurrency market in 2026, noting that digital assets often reflect the movements of precious metals prices. Bitmine has set a strategic goal to obtain 5% of the circulating Ethereum supply, which currently amounts to approximately 6.04 million ETH.