Bitmine Takes Major Ethereum Bet With Fresh Staking Surge

Tom Lee's Bitmine has pushed its Ethereum staking position even deeper into conviction territory. The firm just locked in another 86,400 ETH—worth roughly $266.3 million—adding to an already substantial position.

Here's where it gets interesting: their total staked ETH now sits at 1,080,512 tokens, representing a cool $3.33 billion in value. That's not casual portfolio allocation. That's the kind of move that signals serious, long-term confidence in Ethereum's staying power.

What this position tells us is pretty straightforward—institutional players aren't just holding ETH, they're actively staking it to generate yields while betting on the network's future. When you're moving this much capital into staking rather than trading, it speaks volumes about conviction in the L1's fundamentals and earning potential.