Breaking: Tom Lee’s BitMine Acquires 35,268 ETH as Staked Ethereum Surges to All-Time High

BitMine Immersion Technologies, led by Tom Lee, has purchased 35,268 Ethereum throughout the previous week, further expanding its Ethereum treasury. This comes as staking transactions hit a new all-time high within the Ethereum network.

Bitmine Increases Its Ethereum Treasury

According to the press release, the company has total holdings of over 4.2 million ETH. Its total holdings now constitute approximately 3.48% of the total Ethereum supply, confirming BitMine as the largest ETH treasury worldwide.

This comes just a week after BitMine increased its holdings by 24,266 ETH ahead of its shareholders’ meeting. At the January 15, 2026, shareholder meeting, BitMine shareholders approved the proposal to increase authorized shares to expand the BitMine Ethereum treasury.

4/
Regarding the 2025 Stockholders vote, all 4 proposals passed:

Proposals:
1. Elect Board of Directors ✅🏆
YES ➡️ 98% votes in favor

2. Increase authorized shares ✅🏆
YES ➡️ 81% votes in favor
52.2% of all shares

3. Ominbus Incentive plan ✅🏆
YES ➡️ 89% votes in favor

4.…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) January 20, 2026

According to Lee, the most recent ETH purchases are a sign of increasing institutional trust in Ethereum’s use in financial markets. He cited the increased integration of tokenization and settlement solutions on Wall Street, which are directly based on the Ethereum blockchain.

In addition to Ethereum, BitMine also holds BTC and cash. According to the company, its total crypto and cash holdings are about $14.5 billion.

Meanwhile, the recent BitMin purchase comes amid the surge in staked Ethereum, which hints at a potential supply crunch for the largest altcoin by market cap. Ethernet data indicate that almost a third of the total supply is currently staked, suggesting strong long-term confidence in the network.

The Ethereum Staking Strategy

Additionally, BitMine continues to expand its staking operations rapidly. The company owns approximately 1.84 million staked ETH, valued at approximately $5.9 billion as of January 19.

Staked ETH has also hit a record high of $118 billion. In addition, the number of active validators has increased, indicating greater network participation. Over 976,000 validators are currently securing Ethereum, with more than 2 million ETH pending staking.

BitMine has additional expansion plans for its staking strategy with its upcoming Made in America Validator Network (MAVAN). When this is fully deployed, staking rewards will bring considerable recurrent revenue. According to Lee, the annual staking income could be over $370 million at current rates.

The BitMine stock is down amid the announcement of this latest Ethereum purchase. TradingView data shows BMNR trading at about $29, down about 9% from last week’s close of around $31. This coincides with the crypto market crash, with ETH dropping below the psychological $3,000 level today.