BitMine Now Controls 4% of All Staked Ethereum

Ethereum-focused digital asset treasury firm BitMine Immersion Technologies has significantly increased its exposure to staking, reinforcing its position as the largest corporate holder of staked Ethereum.

The company, chaired by Tom Lee, has deposited another major tranche of ETH into the Ethereum Beacon Chain.
According to on-chain data cited by Lookonchain, BitMine added 186,560 ETH – valued at roughly $625 million – to its Depositor address. This latest move lifts the firm’s total staked Ether to 1,530,784 ETH, worth approximately $5.13 billion at current prices.

BitMine’s staked holdings represent around four percent of the roughly 36 million ETH currently locked in Ethereum staking.

The share could grow further, as the company controls more than 4 million ETH in total, meaning only about 37% of its Ether holdings have been deployed into staking so far.

Staking Demand Surges Across Ethereum

The aggressive accumulation comes just days after BitMine crossed the 1 million ETH milestone in staked assets, underscoring a rapid acceleration in its staking strategy. In its latest disclosure, the firm reported holdings of 4,167,768 ETH, alongside 192 Bitcoin, close to $1 billion in cash, and a $23 million equity stake in Eightco Holdings.

BitMine’s activity coincides with a sharp rise in overall staking demand. The Ethereum validator entry queue has ballooned to approximately 2.3 million ETH, the highest level recorded since August 2023, signaling that large holders and institutions are increasingly willing to lock up Ether for yield and network participation.

Tom Lee has maintained a constructive outlook on Ethereum and digital assets, arguing that the post-October 2025 deleveraging phase resembled a brief “mini crypto winter.” In his view, 2026 marks the beginning of a recovery cycle, with stronger gains potentially unfolding into 2027 and 2028.

At the time of writing, Ethereum is trading around $3,327 per coin, giving the network a market capitalization of roughly $402 billion and reinforcing the scale of BitMine’s growing exposure to the second-largest blockchain.

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