Tom Lee's (@fundstrat) @BitMNR staked $289.4 million worth of $ETH over the past week, according to on-chain data tracked by Arkham, pushing its staked position to 4.2% of Ethereum's total su
Tom Lee's (@fundstrat) @BitMNR staked $289.4 million worth of $ETH over the past week, according to on-chain data tracked by Arkham, pushing its staked position to 4.2% of Ethereum's total supply.
The company also purchased an additional $14.25 million in $ETH during the same period. Combined, Bitmine's total ETH holdings now represent 4.8% of Ethereum's circulating supply of roughly 120.7 million tokens.
The scale of Bitmine's staking operation stands out even against the broader Ethereum network. As of August 9, 2026, Bitmine's total staked ETH stood at 5,067,309 tokens, valued at approximately $9.8 billion at $1,928 per ETH.The company has described itself as having staked more ETH than any other entity in the world.
At full scale, Bitmine projects annualized staking rewards of $294 million, based on a 7-day yield of 2.63%.Annualized staking revenues are currently projected at $257 million, with the 5.1 million staked ETH representing 87% of Bitmine's total holdings.
Bitmine's staking infrastructure runs through MAVAN (Made in America VAlidator Network), its proprietary Ethereum staking platform developed in partnership with institutional staking providers.
Bitmine's accumulation is unfolding at a time when overall Ethereum staking participation is near record highs. As of August 4, 2026, approximately 41.41 million ETH had been staked across the network, representing 33.98% of total circulating supply, an all-time high. That broad backdrop of rising staking activity also comes with a caveat: validators entering the network today are earning roughly 47% less in real yield terms than those who entered at the June 2023 peak.
For Bitmine, the bet is clearly long-term. Chairman Tom Lee has pointed to easing financial conditions as a tailwind for crypto, noting that the odds of a Federal Reserve rate hike in September had fallen to 40% from 75% just two weeks prior.
Bitmine (NYSE: $BMNR) was added to the Russell 1000 Large-cap index in June 2026, reflecting the company's growing market footprint as it continues to deepen its Ethereum exposure.
Sources:Bitmine Press Release: ETH Holdings Reach 5.81 Million Tokens (PR Newswire, August 2026)Ethereum Staking Hits 34% of Supply: Validator Rewards at a 3-Year Low (Coinpedia, August 2026)
