The treasury firm BitMine has increased its locked assets in the Ethereum network to 1.08 million coins, with the portfolio’s value surpassing $3 billion.
The firm has sent an additional 86,400 ETH into staking through four transactions. Lookonchain clarified that the company now holds $3.7 billion.
Tom Lee(@fundstrat)’s #Bitmine staked another 109,504 $ETH($340.6M) in the past 2 hours.
In total, #Bitmine has now staked 1,190,016 $ETH($3.7B).https://t.co/P684j5YQaG pic.twitter.com/HHUI11YsT7
— Lookonchain (@lookonchain) January 12, 2026
BitMine is the largest corporate holder of Ethereum, followed by SharpLink and The Ether Machine.
Analyst Nick Pakrin calculated that at the current yield of 2.81%, Tom Lee’s company would earn $94.4 million annually.
BitMine has now staked ~$3.3B worth of ETH.
At the current 2.81% yield, that generates roughly $94.4M per year in ETH.
Obviously, Bitcoin doesn’t produce cash flow.
If another crypto winter hits & debt comes due, does holding a stakeable asset change who weathers it better?
— Nic (@nicrypto) January 11, 2026
The expert noted that Ethereum, unlike Bitcoin, generates cash flow. This helps businesses service debt and endure a “crypto winter.”
Despite increasing its positions, BitMine shares are trading at $30.06, 80% below the all-time high reached in July 2025.
In early January, Lee proposed to shareholders to increase the share issuance limit from 50 million to 50 billion.
According to him, this is a technical measure for future splits. The company’s goal is to keep the share price in an accessible range around $25.
Back in December, BitMine reported the purchase of 44,463 ETH. The average acquisition price of the asset was $2,948 per coin.