Tom Lee's Bitmine has added another 112,040 ETH — worth roughly $259.6 million — to its staking position, signalling continued conviction in Ethereum's proof-of-stake network.
The firm's cumulative staked holdings now stand at 3,701,589 ETH, valued at approximately $8.58 billion. That represents 74.38% of Bitmine's total ETH holdings committed to the network as active validators.
The scale of the position places Bitmine among the most significant institutional stakers in the Ethereum ecosystem, reinforcing the narrative that large players are treating staked ETH as a core treasury strategy rather than a speculative trade.
Original content
Tom Lee(@fundstrat)'s #Bitmine staked another 112,040 $ETH($259.6M).
In total, #Bitmine has staked 3,701,589 $ETH($8.58B), 74.38% of its total holdings.
https://t.co/P684j5YQaG https://t.co/sgn9wGZb1z
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