Tom Lee-Led BitMine Expands Ethereum Staking by Nearly 160K Tokens
BitMine added 159,728 ETH to its staking position, bringing the total to 5.23 million ETH, valued at roughly $12.78 billion. About 86.5% of the company’s Ethereum holdings are now staked, equal to nearly 5% of the circulating supply. The move came as Ethereum gained 2.78% over 24 hours and traded near $2,450.
BitMine, led by Tom Lee, added 159,728 ETH to its staking activity, according to Lookonchain. That raised its staked total to 5.23 million ETH, worth about $12.78 billion at the time. The company now has 86.5% of its Ethereum holdings committed to staking, a share equal to almost 5% of circulating ETH.
The update came as Ethereum gained 2.78% over 24 hours and traded near $2,450. BitMine’s staked position places it among major corporate Ethereum holders and represents a substantial presence in the network’s ecosystem.
BitMine’s large staking position could affect Ethereum holders and users by concentrating influence over validator operations and reducing liquid supply, potentially shaping staking yields and market sentiment. Retail investors may watch such corporate moves as signals, while exchanges, custodians, and staking providers could see changing demand. Because staking locks tokens, it may also influence liquidity and price volatility, though outcomes depend on broader market conditions and network rules.