Key Insights
- •Bitmine stakes 1.53 million ETH, valued at $5.13 billion, targeting over $1 million in daily staking revenue.
- •The company holds $988 million in cash and assets, with plans to expand ETH holdings to 5%.
- •Guest speakers Vitalik Buterin and Sam Altman are scheduled to attend Bitmine's shareholder meeting on January 15, 2026.
Tom Lee's Bitmine has made a significant move by staking 1.53 million ETH, amounting to around $5.13 billion in total value. The company has made headlines with its goal to reach $1 million or more in daily staking revenue. This decision follows a series of strategic investments, strengthening Bitmine’s position in the crypto space.
Bitmine’s Recent Staking and Ethereum Holdings
In the last 10 hours, Bitmine has staked 186,560 ETH, valued at approximately $624.8 million. The total ETH held by Bitmine now stands at 4.168 million, making up about 3.45% of the total ETH supply. Of this amount, 1.53 million ETH is staked, and the company is aiming for a substantial increase in daily staking revenue as it scales its operations. According to reports, Bitmine’s unrealized profit and loss (PnL) stands at $962.8 million.
Tom Lee, the chairman of Bitmine, has been vocal about the company’s plans. "We are targeting to earn over $1 million per day in staking revenue at scale," Lee said.
This aggressive approach to staking is in line with Bitmine’s goal to hold 5% of the total ETH supply in the near future. The move demonstrates Bitmine’s strong commitment to the Ethereum ecosystem and its ambition to become a key player in the crypto market.
Cash Reserves and Other Crypto Holdings
Apart from its ETH holdings, Bitmine also has $988 million in cash reserves. The company holds additional assets in other cryptocurrencies, including 193 BTC. This diversified portfolio positions Bitmine to maintain liquidity while expanding its cryptocurrency holdings. Bitmine's total crypto and cash assets now approach $15 billion, making it one of the most well-funded entities in the space.
As Bitmine continues to accumulate more ETH, it plans to leverage its cash reserves for further expansion. The company has expressed its intention to increase its crypto holdings to 5% of the total ETH supply in the future. This strategy could allow Bitmine to scale operations quickly and efficiently, while maintaining a strong financial base.
Upcoming Shareholder Meeting and Industry Influence
In addition, Bitmine’s annual shareholder meeting is set for January 15, 2026, at the Wynn Las Vegas. According to the BMNR Bullz report, the meeting will feature guest speakers, including Ethereum creator Vitalik Buterin and OpenAI CEO Sam Altman. These influential figures are expected to provide valuable insights into the future of blockchain and artificial intelligence.
Tom Lee emphasized the importance of the meeting, saying it will outline Bitmine’s roadmap for 2026. "We are looking at four pillars of growth that go beyond ETH staking," he said.
The company is expected to discuss expansion plans and additional strategies for cryptocurrency investment. This move reflects Bitmine’s long-term vision of becoming a dominant force in the crypto market.