Tom Lee’s Bitmine stakes 827K Ethereum worth over $2.5B
Key Takeaways
Bitmine, a Nasdaq-listed Ethereum treasury operator, staked an additional 19,200 ETH worth over $60 million, according to data tracked by Onchain Lens. The company’s total ETH staked now exceeds 827,000 units valued at over $2.5 billion.
The company appears to have moved roughly 167,800 ETH into staking in the four days since it last reported its holdings.
The firm is preparing to launch an in-house Made-in-America Validator Network, or MAVAN, to handle staking operations, with pilot programs involving institutional providers underway.
As of January 4, Bitmine held more than 4 million ETH, alongside smaller Bitcoin holdings and $915 million in cash, as part of a $14.2 billion balance sheet centered on long-term crypto accumulation.
Bitmine has positioned Ethereum as a core balance-sheet asset, accumulating and managing ETH holdings while generating yields through proof-of-stake validation.
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