Bitmine’s Ethereum Staking Spree: $266M & Counting! 😱

by

Bitmine just staked 86,400 ETH-$266.3 million of your hard-earned cash, folks. What’s next, a pyramid scheme? 🤯

The move continues the aggressive staking expansion that began December 26, 2025, when the company first deposited 74,880 ETH. Because nothing says “I’m a big shot” like throwing $219M at crypto. 💸

Tom Lee, the guy who probably still uses a flip phone, has been quietly amassing 4.1 million ETH. 3.43% of the total supply? More like 3.43% of your retirement savings. 💸

The company has shifted from passive accumulation to active yield generation, with roughly one-quarter of its holdings now staked for rewards. Because who needs a day job when you can just sit back and collect? 🕯️

At a 3.12% annual yield, this is basically a passive income stream. If only it were as easy as just… not doing anything. 🤷♂️

Tom Lee(@fundstrat)’s #Bitmine staked another 86,400 $ETH($266.3M) 5 hours ago.

In total, #Bitmine has now staked 1,080,512 $ETH($3.33B).

– Lookonchain (@lookonchain) January 11, 2026

December to January Ethereum staking acceleration

Bitmine started staking operations December 26 with a $219 million deposit. Who needs sleep when you can just stake ETH? 😴

The activity accelerated quickly, with the company staking 342,560 ETH worth approximately $1 billion in just two days through December 28. Because why wait? 🚀

By January 4, 2026, total staked ETH reached 659,219 tokens valued at $2.1 billion. The pace continued into January with an additional $1.46 billion staked January 6. Because crypto is just a game, right? 🎮

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. Because who needs a budget? 💸

The staking timeline shows Bitmine deployed over $1 billion into staking during the first 10 days of January 2026. Because why not? 🤷♂️

Aggressive treasury strategy targets 5% supply ownership

Lee became Bitmine chairman June 30, 2025, immediately pivoting the company from Bitcoin mining to Ethereum treasury management. Because nothing says “I’m a visionary” like changing plans mid-stream. 🧠

The company announced a second $500 million placement in July to accelerate purchases. Because why have a plan when you can just throw money at it? 💸

Starting from zero holdings, Bitmine accumulated 1,150,263 ETH worth approximately $4.9 billion by mid-August 2025. Because who needs a business model? 🤯

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. Because why not? 💸

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. Because who needs a conscience? 🤷♂️

Read More

2026-01-11 20:41