Tom Lee’s Bitmine Stakes $390 Million in ETH, Lifting Staked Treasury Share to 86.5%

TL;DR Bitmine staked another 159,728 ETH worth about $390.6 million, lifting its total staked position to approximately 5.23 million ETH and 86.5% of holdings. The company held around 6.04 million ETH, leaving it roughly 63,500 ETH short of Tom Lee’s stated target of owning 5% of Ethereum’s circulating supply. The added stake could generate about $10 million in rewards while reducing immediate liquidity for that portion of the treasury. Bitmine staked another 159,728 ETH worth $390.6 million, increasing the portion of its Ethereum treasury committed to staking to 86.5%. According to Lookonchain , the transaction lifted Bitmine’s total staked position to about 5.23 million ETH. The latest deployment puts most of the company’s Ether holdings to work generating staking rewards rather than remaining idle.

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