Tom Lee’s BitMine Locks $340M ETH in Hours as Ethereum Supply Tightens

BitMine stakes $340M ETH in hours, tightening Ethereum supply and strengthening its market position.

Fridah Kangai
January 14, 2026
4:45 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

BitMine stakes $340M ETH, influencing Ethereum’s liquidity and supply.
Tom Lee’s BitMine strengthens Ethereum position with $340M stake.
Ethereum supply tightens as BitMine locks nearly $4 billion ETH.

Tom Lee-chaired BitMine has intensified its Ethereum strategy through a significant staking move. On-chain data shows the firm staked about $340 million worth of ETH within the last 24 hours.

The transaction will be the most extensive single Ethereum staking of BitMine to date in 2026. The action also enhances BitMine’s status as the largest Ethereum treasury-based company in the world.

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Staking surge highlights aggressive ETH positioning.

The most recent blockchain action indicates that BitMine staking is carried out in a systematic accumulation fashion. The company has also implemented numerous ETH deposits, ranging from 24,000 ETH to 28,000 ETH each time.

Such regular movements indicate an organized working strategy, as opposed to linear asset transfers. Simultaneously, BitMine has continued to increase staking despite market volatility.

TOM LEE IS STAKING $340M ETH

Tom Lee’s Bitmine staked $340M of ETH in the past 24 hours, continuing an ongoing trend. Bitmine has now staked $3.69B of ETH, which alone is about 0.985% of Ethereum supply.

Tom Lee is in it for the long term. Will he stake his entire stack? pic.twitter.com/5oBJmhlgQ1
— Arkham (@arkham) January 12, 2026

According to the portfolio data, BitMine already possesses approximately 2.628 million ETH. These holdings have an approximate value of roughly $8.15 billion at prevailing prices.

The majority of this Ethereum money is now locked in staking contracts. As a result, the amount of ETH that could be traded instantly in the market has decreased.

Ethereum supply tightens as locked holdings grow.

According to the Arkham statistics, the total Ethereum stake at BitMine is approximately $3.69 billion. This tier represents approximately 0.985% of the total Ethereum supply.

This concentration has attracted attention due to its direct effect on market liquidity. The number of tokens in circulation becomes even more limited, making the situation with supplies even stricter.

Institutional strategy aligns with long-term outlook.

The long-term staking action indicates the digital asset perceptions that Tom Lee has held. He has also advocated long-term exposure as compared to short-term price positioning.

BitMine, in turn, enables market participants to track the progress in the transparent wallet activity. This publicity has made discourse of institutional power in the Ethereum staking ecosystem more heated.

The latest information shows that BitMine is not decreasing its staking rate. The firm’s ether balances are mostly idle, except during transfers associated with staking.

BitMine remains a central figure in influencing the supply dynamics of Ethereum as the total staked value approaches $4 billion. This strategy is likely to remain in place based on the ongoing activity on-chain.

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