Tom Lee’s crypto investment firm Bitmine is showing no signs of slowing down. On Thursday, the company added nearly 100,000 ETH, worth about $344.4 million, pushing its total Ethereum holdings to 908,192 ETH—valued at roughly $2.95 billion.
The move came just hours after Bitmine revealed it had already staked 19,200 ETH, worth $60.85 million, underscoring the firm’s aggressive accumulation strategy.
Bitmine Now Controls 3.43% of All ETH in Circulation
Despite quieter market conditions late last year, Bitmine continued to buy at scale. The company closed out 2025 with a 32,977 ETH purchase, even as overall equity and crypto activity slowed.
“In the final week of 2025, total equity and crypto activity slowed, and yet we acquired 32,977 ETH in the past week,” said Tom Lee, Chairman of Bitmine.
That steady buying has paid off. Bitmine now holds 3.43% of Ethereum’s circulating supply, cementing its position as one of the largest ETH holders in the world.
The firm also claims the title of the largest ‘fresh money’ buyer of Ethereum, meaning its purchases aren’t simply recycled capital but new inflows into the market.
More Than Just Ethereum
While ETH is clearly the centerpiece, Bitmine’s balance sheet is well diversified. As of January 4, the company also holds:
192 Bitcoin, valued at $17.3 million
A $25 million stake in Worldcoin treasury firm Eightco
$915 million in cash
“Our analysis shows that Bitmine has continued to accumulate ETH at an accelerated pace versus other Ethereum DATs,” Lee added. “We remain the largest ‘fresh money’ buyer of ETH in the world.”
Why Bitmine Is Betting Big on ETH Staking
According to industry analysts, rising Ethereum staking activity could help reduce short-term selling pressure, potentially supporting higher prices over time.
Bitmine has been actively staking ETH since December 26, signaling confidence not just in Ethereum’s price, but in its long-term network economics.
Looking ahead, Lee has expressed optimism about crypto in 2026, noting that digital assets often track movements in precious metals. Bitmine’s long-term goal is ambitious: the company aims to acquire 5% of Ethereum’s circulating supply, which currently stands at 6.04 million ETH.
