Bitmine staked 86,400 Ethereum worth $266.3 million on January 10, bringing the total staked holdings to 1,080,512 ETH valued at approximately $3.33 billion.
The move continues the aggressive staking expansion that began on December 26, 2025, when the company first deposited 74,880 ETH.
Tom Lee, co-founder of Fundstrat Global Advisors and president of Bitmine, oversaw the accumulation of over 4.1 million Ethereum (ETH), representing 3.43% of the total ETH supply.
The company has moved from passive accumulation to active yield generation, with about a quarter of its holdings now staked for rewards.
With current staking returns near 3.12% per year, the 1.08 million ETH staked could generate around 33,700 ETH per year.
Acceleration of Ethereum staking from December to January
Bitmine began staking operations on December 26 with a deposit of $219 million. Activity quickly picked up, with the company staking 342,560 ETH worth approximately $1 billion in just two days through December 28.
As of January 4, 2026, the total ETH staked reached 659,219 tokens valued at $2.1 billion, representing an increase of 250,592 ETH in a single week. The pace continued in January with another $1.46 billion put into play on January 6.
On January 8, Bitmine staked approximately 99,800 ETH worth approximately $344.4 million, bringing the total staked holdings to 908,192 ETH valued at $2.95 billion. The 86,400 ETH deposit on January 10 pushed the total to over 1.08 million tokens.
The staking timeline shows that Bitmine deployed over $1 billion in staking in the first 10 days of January 2026.
Aggressive treasury strategy targets 5% ownership of supplies
Lee became president of Bitmine on June 30, 2025, immediately transitioning the company from Bitcoin mining to Ethereum treasury management.
The company announced a second $500 million placement in July to accelerate its purchases. From zero, Bitmine has accumulated 1,150,263 ETH worth approximately $4.9 billion as of mid-August 2025.
Holdings reached 3.86 million ETH on December 8, when the company reported its 2025 results. 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.
On January 4, 2026, holdings stood at 4,143,502 ETH worth $13.2-14.2 billion. Lee noted that Bitmine remains the largest “new money” buyer of ETH in the world. The company aims to acquire 5% of all Ethereum tokens.
