$ETH The Breakdown
• The Latest Stake: Bitmine recently staked an additional $478.8 million worth of ETH (comprising several large transactions including a recent 86,400 ETH batch).
• Total Staked: Their total staked Ethereum now sits at approximately 1.26 million ETH, valued at roughly $4.17 billion (based on current market prices near $3,100).
• Total Treasury: The company holds a total of 4.17 million ETH (roughly 3.45% of the entire circulating supply), making it the largest corporate holder of Ethereum in the world—essentially the "MicroStrategy of Ethereum."
Why This Matters
1. "The Alchemy of 5%": Tom Lee has publicly stated a goal for Bitmine to acquire 5% of all Ethereum in existence. They are currently nearly 70% of the way to that goal.
2. Infrastructure Play: Unlike simple investors, Bitmine is building the "Made in America Validator Network" (MAVAN). By staking their ETH, they aren't just holding for price appreciation; they are becoming the primary "plumbing" for Ethereum's security and settlement.
3. Institutional Signal: Backed by heavyweights like Cathie Wood (ARK Invest) and Peter Thiel’s Founders Fund, this aggressive staking is seen as a massive vote of confidence in Ethereum as the "settlement layer" for Wall Street.
Quick Context
Tom Lee recently forecasted that Ethereum could reach $7,000–$9,000 by later in 2026, citing institutional adoption and tokenization as the primary drivers.
