BitMine’s Ethereum Staking Surpasses $4B, Generates $90M Annually
BitMine, the largest Ethereum Treasury company, has taken another major step in ETH staking. The platform has committed another $470 million in ETH to staking. This move has brought the company’s total staked Ether to a staggering $4.17 billion.
This development comes hot on the heels of BitMine’s latest Ethereum purchase. The strategic move also reiterates CEO Tom Lee’s conviction in the altcoin’s long-term potential.
$4B in Ethereum Staked: BitMine Sets Industry Record
Ethereum Treasury BitMine has added another $478.8 million worth of ETH to its staking portfolio. As of now, the platform’s Ether staking portfolio boasts a massive $4.17 billion. According to an X post shared by Ted, a prominent crypto analyst, BitMine is poised to earn nearly $90 million each year from its staked ETH at an annual yield of 2.1%.
Notably, BitMine embraced ETH staking as part of the company’s strategic move to resolve the $4 billion debt. While Ether was caught within a consolidation zone below the critical $3k range for a long period, the firm saw unrealized losses of more than $4 billion. Thus, the team started allocating more tokens to staking, in an attempt to generate more income. Previously, Lee noted,
“We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). This will be the ‘best-in-class’ solution offering secure staking infrastructure and will be deployed in early calendar 2026.”
Tom Lee Remains Bullish on ETH and Crypto
Despite the prevailing volatility in the crypto market, BitMine CEO Tom Lee remains confident about digital assets. As reported recently by CoinNewsSpan, Lee predicted a crypto market boom in 2026. He noted, “2026 augurs many positive things for crypto with stablecoin adoption and tokenization driving to make blockchain the settlement layer of Wall Street, particularly favoring Ethereum.”
This statement came amid BitMine’s latest purchase of 24,266 ETH, bringing its total holdings to 4,167,768 ETH, which represents 3.45% of the token’s total circulating supply. Lee stated, “In the past week, we acquired 24,266 ETH and still managed to increase our cash position by $73 million.”
The crypto market’s prevailing trend supports Lee’s forecast. Despite the industry’s recent downtrend, tokens are recovering now. As of now, the market has hit $3.13 trillion, up by a modest 1.25%. Major players like Bitcoin, Ethereum, and XRP are also on the rise, positing significant gains.
Ethereum is currently trading above its crucial support level, $3,000. This indicates that the token is poised to surge more unless it slips below the support. Trading at $3,132, ETH is up by 0.09% in an hour, 0.81% in a day, but down by 3.13% in a week.
Standard Chartered’s projection also goes in line with Tom Lee’s beliefs. The British bank believes that ETH will reach an ambitious $40k by 2030. Geoffrey Kendrick bases this prediction on the growing institutional demand for Ether. He stated, “2026 will be the year of Ethereum, much like 2021 was.”
BitMine’s continuous accumulation of ETH is also indicative of its bullish perspective on the altcoin. This also reflects a larger trend of public companies accumulating Ether. CoinGecko data indicates that Tom Lee’s company holds many more holdings than its competitors, like SharpLink and The Ether Machine.
