BitMine Stakes 87% of Its Ethereum Holdings in Fresh Conviction Bet

NewsTue, 04 Aug 2026 04:27:07 UTC55 minutes ago

Tom Lee's BitMine Immersion Technologies staked another 150,120 Ethereum (ETH) tokens, worth roughly $278 million. The move deepens one of the largest corporate bets on Ethereum's proof-of-stake network.

Blockchain analytics account Lookonchain flagged the transaction hours after it happened on August 4. It lifts BitMine's total staked ETH to 5,067,309 tokens, worth about $9.38 billion. That figure equals 87.4% of the company's entire ether stack.

Why Staking This Much Signals Conviction

Staking locks tokens into Ethereum's validator network instead of leaving them idle in a wallet. Validators earn rewards for helping secure the chain. In exchange, they accept withdrawal queues and full price exposure for as long as the tokens stay locked.

A company that stakes nearly nine-tenths of its holdings is not hedging. It is committing to hold the position for years rather than trade around short-term price swings.

Tom Lee(@fundstrat)'s #Bitmine staked another 150,120 $ETH($278M) 3 hours ago.

In total, #Bitmine has staked 5,067,309 $ETH($9.38B), 87.4% of its total holdings.https://t.co/f70iddoJZ2 pic.twitter.com/8uSZCIJAtT
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BitMine Stakes 87% of Its Ethereum Holdings in Fresh Conviction Bet

Why Staking This Much Signals Conviction

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