Tom Lee’s Bitmine: ETH Hoarder or Crypto Genius?

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Tom Lee’s Bitmine strikes again! 140,400 ETH staked, because why not? Total stake now a cool $6B, or 68.7% of their stash. That’s what we call a crypto hoarder with a plan!

Behold, the legendary Tom Lee-backed Bitmine Immersion Technologies, the Ethereum vacuum cleaner, has sucked up another 140,400 ETH in just five hours. Faster than you can say “blockchain,” they’re stacking ETH like it’s going out of style. Or is it?

This latest ETH binge brings their total stake to nearly $6 billion. That’s right, $6 billion with a B! Because who needs a rainy day fund when you can have a crypto empire? Bitmine’s strategy? Simple: Buy ETH, stake ETH, repeat. Rinse and repeat. Or should we say, “Stake and repeat”?

Bitmine Stakes Another 140,400 ETH (Because Why Stop Now?)

In a move that screams “we’re not done yet,” Bitmine staked an additional 140,400 ETH, valued at a mere $282 million. All in a five-hour window. That’s faster than you can binge-watch a season of Spaceballs! The company’s ETH stash is growing like a blockchain-one block at a time.

And what’s their secret? Allocating newly acquired ETH toward staking, of course. Because why let it sit idle when it can earn you more ETH? It’s like a crypto snowball rolling downhill, but with fewer bruises.

Tom Lee’s still buying and staking ETH like it’s the last slice of pizza at a party. 5 hours ago, another 140,400 ETH ($282M) staked. Total: 2.97M ETH ($6.01B), 68.7% of their holdings. That’s commitment, or madness. You decide. – Lookonchain (@lookonchain)

With this update, Bitmine’s total ETH stake is now 2.97 million ETH, worth nearly $6.01 billion. That’s enough to make even Dr. Evil blush. And get this: 68.7% of their total ETH position is staked. That’s not just putting your eggs in one basket-that’s building a basket factory.

As of February 11, 2026, their staked holdings were reported above 3 million ETH, valued at $6.4 billion. Because why stop at $6 billion when you can go for $6.4 billion? Validator operations? Expanding faster than Mel Brooks’s filmography.

Total Holdings and the “Alchemy of 5%”

Bitmine currently holds about 4.33 million ETH, or roughly 3.58% of Ethereum’s circulating supply. That’s enough to make them one of the largest corporate ETH holders. Chairman Tom Lee? Still bullish on Ethereum, even after a 62% price decline from 2025 highs. Unrealized losses? A cool $7.5 billion. But hey, who’s counting?

Their strategy? The “alchemy of 5%.” Goal: Control 5% of Ethereum’s total supply. How? Weekly ETH acquisitions, because why not? It’s like collecting stamps, but with more zeros.

Related Reading:  Bitmine Adds 40,600 ETH in a Week, Now Holds 3.6% of Total Supply

Staking Revenue: Making It Rain ETH

Bitmine’s staked ETH generates a whopping $202 million in annualized revenue. And they’re not stopping there. With their Made in America Validator Network, projected annual rewards could hit $374 million. Daily staking rewards? Over $1 million. That’s more than most people make in a lifetime. But hey, it’s all part of their treasury strategy.

Beyond ETH, Bitmine’s treasury totals $10 billion. Holdings include 193 Bitcoin, a $200 million stake in Beast Industries, and $595 million in cash. They’re the largest corporate ETH holder and second only to MicroStrategy in crypto treasury size. Talk about keeping up with the Joneses!

So, is Tom Lee’s Bitmine a crypto genius or just an ETH hoarder? Only time will tell. But one thing’s for sure: they’re staking their claim in the crypto world, one ETH at a time. And if it all goes south? Well, at least they’ll have a great story to tell. Or a great comedy sketch. Either way, it’s a win.

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2026-02-11 15:28