$340 Million ETH in Hours: Tom Lee’s BitMine Stakes Ethereum Again
Analysis
Price Impact
HighBitmine's massive staking of $340 million worth of eth, bringing its total staked to nearly $4 billion and holding over $8 billion, locks up a significant portion (nearly 1%) of ethereum's circulating supply. this reduces immediate selling pressure and signals strong institutional conviction, which can profoundly influence market sentiment.
Trustworthiness
HighThe data is sourced from a reputable blockchain analytics platform, arkham, and concerns a well-known firm, bitmine, chaired by tom lee. specific figures and dates are provided, enhancing credibility.
Price Direction
BullishThe firm's aggressive and continuous long-term staking strategy indicates a strong belief in ethereum's future price appreciation. locking up such a large amount of eth removes it from the liquid supply, which typically supports price growth by increasing scarcity.
Time Effect
LongStaking is inherently a long-term investment strategy. bitmine's actions, described as maintaining 'strongest long-term staking positions' and showing 'long-term conviction,' suggest an expectation of sustained value growth over an extended period.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The world’s largest Ethereum treasury firm, chaired by Tom Lee, BitMine, has turned heads over its large Ethereum staking activity in the last 24 hours. Advertisement While the firm is known for its aggressive accumulation of Ethereum, it has also maintained one of the strongest long-term staking positions in Ethereum, and it has just executed its largest Ethereum stake so far in 2026. On Monday, Jan. 12, data provided by blockchain analytics platform Arkham shows that BitMine staked about $340 million worth of ETH within the past 24 hours. HOT Stories Top Binance Traders Now 300% More Bullish on XRP, Shiba Inu (SHIB) Price Prints Golden Cross, Satoshi-Era Whale Wakes Up to Move $156 Million in Bitcoin — Crypto News Digest SEC Chair Confirms Bipartisan Bill to Crown U.S. 'Crypto Capital' in 2026 BREAKING: Strategy Announces Biggest Bitcoin Purchase Since July Morning Crypto Report: XRP up 11% in Best Q1 Since 2023, Satoshi's First-Ever Bitcoin Transfer Meets $2.4 Billion Twist, Cardano Sees Abnormal $0 as ADA Bears Disappear BitMine’s total Ethereum stakes on track to $4 billion The data further shows that the total crypto staking BitMine has made since it began its journey with Ethereum has now reached a massive $3.69 billion. Advertisement This massive Ethereum stake held by BitMine alone accounts for about 0.985% of Ethereum’s total circulating supply, highlighting its long-term conviction in the leading cryptocurrency. Interestingly, Arkham further showcased BitMine’s overwhelming Ethereum portfolio, revealing that the firm currently holds 2.628 million ETH, worth over $8.15 billion. As such, the majority of its holdings are now locked in staking. You Might Also Like Mon, 01/12/2026 - 15:26 BlackRock Starts Week With $361 Million in Bitcoin and Ethereum Sale By Godfrey Benjamin Advertisement The recent series of transactions shows repeated deposits of large ETH stashes, many ranging between 24,000 and 28,000 ETH each. This represents BitMine’s accumulation and staking strategy. While Tom Lee has long been one of Wall Street’s most vocal crypto advocates, BitMine’s behavior is increasingly aligning with its chairman’s stance on digital assets. With nearly 1% of the entire ETH supply already staked by BitMine, despite the asset’s unstable price action, the crypto community has expressed curiosity as to whether BitMine will ultimately stake its entire Ethereum holdings. #Bitmine #Ethereum #Tom Lee