# Tom Lee's Bitmine Surpasses $10B Worth of Staked ETH

*Author: Jack Inabinet*
*Published: May 4, 2026*
*Source: https://www.bankless.com/read/news/bitmine-surpasses-10b-worth-of-staked-eth*

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Bitmine – the largest ETH-centric digital asset treasury company helmed by notorious investment media talking head Tom Lee – now stakes more than $10B of ETH as continues its push to accumulate 5% of the token's circulating supply.

### What's the Scoop?
- **Fresh Buy:** In its latest treasury update, Bitmine [disclosed](https://x.com/BitMNR/status/2051327373983846710?s=20) its purchase of 101,745 ETH, bringing total holdings 5.18M ETH, representing ~4.3% of total supply acquired after 10 months of aggressive accumulation. Bitmine is targeting ownership over 5% of the circulating ETH supply, and is now 86% of the way to achieving its goal.
- **Leading Staker: **Bitmine now stakes 4,362,757 ETH (worth $10.2B), a position which is expected to produce $297M in annualized staking revenues, based on the present value of Bitmine's 2.91% ETH-denominated yield. This immense staking position makes Bitmine the largest centralized Ethereum and number two overall (behind Lido), with the DATco [controlling](https://dune.com/hildobby/eth2-staking) roughly 11% of total staking power.
- **OTC Acquisitions: **The Ethereum Foundation has [offloaded](https://www.theblock.co/post/399751/ethereum-foundation-eth-sales-tom-lees-bitmine-47-million-after-latest-deal) two 10k ETH tranches to Bitmine in back-to-back weeks, netting roughly $47M in proceeds from the OTC sales, which the EF says will go toward supporting protocol R&D, ecosystem growth, and community grants.

> Congrats Bitmine on reaching >$10 billion [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) staked!- $297 million in annualized staking revs[@BitMNR](https://twitter.com/BitMNR?ref_src=twsrc%5Etfw) [$BMNR](https://twitter.com/search?q=%24BMNR&src=ctag&ref_src=twsrc%5Etfw) [https://t.co/kw7tsK0NPe](https://t.co/kw7tsK0NPe)— Thomas (Tom) Lee (not drummer) FundstratDirect.com (@fundstrat) [May 4, 2026](https://twitter.com/fundstrat/status/2051329667014029797?ref_src=twsrc%5Etfw)