Bitmine stakes another 190,800 ETH ($451M) — total staked position now $10.77B!

Tom Lee's Bitmine added 190,800 ETH — worth roughly $451 million — to its staking position in a single move, bringing the firm's cumulative staked holdings to 4,553,557 ETH, or approximately $10.77 billion at current prices.

That staked tranche represents 87.9% of Bitmine's total ETH holdings, a commitment level that signals deep conviction in Ethereum's long-term yield and network security story. For an institutional vehicle of this scale to lock the vast majority of its position on-chain is a meaningful data point for the broader market.

Consistent large-scale staking by institutions like Bitmine reduces circulating supply and reinforces Ethereum's post-Merge economics — a dynamic that tends to tighten the available float over time.