Bitmine stakes another 162,088 ETH ($366M), bringing total staked position to $9.48B.

Bitmine, the vehicle associated with Fundstrat's Tom Lee, added 162,088 ETH — roughly $366 million — to its staking position in a single move. The firm now has 4,194,029 ETH staked in total, representing 82.59% of its entire ETH holdings at a current value of approximately $9.48 billion.

The scale of the commitment is notable: staking that proportion of a treasury signals a long-duration conviction bet, not a trading position. Yield accrual at this size also compounds meaningfully, making the staked pile self-reinforcing over time.

For the broader market, concentrated institutional staking at this level reduces circulating supply and adds to validator queue pressure — both factors that have historically supported ETH price over medium-term horizons.