Bitmine, led by Tom Lee from Fundstrat, has recently staked an impressive amount of 113,280 ETH, valued around $341 million. This significant transaction boosts Bitmine's total staked Ethereum to 2.3 million ETH, which is worth approximately $7 billion and constitutes 55 percent of the company’s overall investments.
The Atlanta-based treasury firm currently holds a total of 4.2 million ETH, representing approximately 3.5 percent of the entire ETH supply. This equates to a portfolio valuation of about $12.8 billion, which also includes 193 BTC and around $682 million in cash assets. Bitmine is recognized as the largest Ethereum treasury holder in the world and the second-largest crypto treasury, following closely behind Strategy.
Originally founded in 1995, Bitmine transitioned from Bitcoin mining hardware to a focus on Ethereum treasury management after Tom Lee took the reins as chairman in late 2025. The company has gathered backing from notable investors such as ARK Invest, Pantera Capital, and Kraken.
Looking ahead, Bitmine is set to launch MAVAN, a new validator network based in the US, in the first quarter of 2026, with expected annual staking revenues reaching $374 million.
Investors should watch how Bitmine's strategies unfold, given its substantial holdings and ongoing projects.