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, has overseen the accumulation of over 4.1 million Ethereum (ETH) which represents 3.43% of the total ETH supply.
The company has moved from passive accumulation to active return generation, and about a quarter of its holdings are now staked for rewards.
With current staking returns close to 3.12% annually, the 1.08 million ETH staked could generate approximately 33,700 ETH per year.
December to January Ethereum Staking Acceleration
Bitmine began trading on December 26 with a deposit of $219 million. Activity accelerated quickly, with the company staking 342,560 ETH worth around $1 billion in just two days through December 28.
By January 4, 2026, the 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 in January with an additional $1.46 billion wagered on January 6.
On January 8, Bitmine invested approximately 99,800 ETH worth approximately $344.4 million, bringing the total staked holdings to 908,192 ETH valued at $2.95 billion. The January 10 deposit of 86,400 ETH brought the total to over 1.08 million tokens.
The staking schedule shows that Bitmine invested more than $1 billion in staking during the first 10 days of January 2026.
Aggressive treasury strategy targets 5% supply ownership
Lee became president of Bitmine on June 30, 2025, and immediately transitioned 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 as of mid-August 2025.
Holdings reached 3.86 million ETH on December 8, when the company released 2025 earnings. Bitmine surpassed 4 million ETH on December 21, valued at more than $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 increased to 4,143,502 ETH worth between $13.2 and $14.2 billion. Lee noted that Bitmine remains the largest buyer of ETH “fresh money” globally. The company intends to acquire 5% of all Ethereum tokens.
