BitMine increased its ETH holdings by 40,000 coins last week, and Tom Lee stated that its ETH staking APY could reach $374 million.

January 26th — BitMine, the largest Ethereum-focused treasury firm, announced Thursday that its total holdings of crypto assets, cash and "potential projects" amount to $12.8 billion, per official sources. Key holdings include: - 4,243,338 ETH; - 193 BTC; - A $200 million equity stake in Beast Industries; - A $19 million equity investment in Eightco Holdings (NASDAQ: ORBS) — categorized as a "potential project"; - $682 million in cash. BitMine’s ETH holdings represent 3.52% of Ethereum’s total supply (120.7 million tokens). BitMine Chairman and Fundstrat analyst Thomas "Tom" Lee noted: "Over the past week, we’ve added 40,302 ETH to our holdings. Since mid-October, the ETH-to-BTC price ratio (ETHBTC) has climbed consistently — a trend we believe reflects investors’ recognition that Wall Street is building tokenization and other use cases on Ethereum. To underscore the scale of this activity, the Ethereum Foundation’s website has listed 35 major financial institutions that have built on Ethereum in just the past few months." Lee added that as of Jan 25, 2026, BitMine has staked 2,009,267 ETH — valued at $57 billion based on an ETH price of $2,839 — with a 171,264 ETH increase in the past week. This staked amount is only a portion of BitMine’s 4.2 million ETH holdings. BitMine currently holds more staked ETH than any other entity globally. Based on a 2.81% CESR (Consolidated Ethereum Staking Rate) calculation, its annualized staking yield totals $374 million — averaging over $1 million per day.