BitMine increased its ETH holdings by 40,000 coins last week, with Tom Lee stating that its ETH staking annualized returns could reach $374 million.

BlockBeats News, January 26th, according to official sources, the largest Ethereum treasury company BitMine announced that its holdings of crypto assets, cash reserves, and "potentially high-yield projects" totaled $12.8 billion. The breakdown is as follows:

· 4,243,338 ETH;

· 193 BTC;

· $200 million equity investment in Beast Industries;

· $19 million equity investment in Eightco Holdings (NASDAQ: ORBS) (categorized as a "potentially high-yield project");

· Cash reserves of $682 million.

Bitmine's ETH holdings account for 3.52% of the total ETH supply (120.7 million).

Bitmine's Chairman and Fundstrat analyst Thomas "Tom" Lee stated: "Over the past week, we have increased our ETH position by 40,302, and since mid-October, the Ethereum to Bitcoin price ratio (ETHBTC) has been steadily rising. We believe this reflects investors' recognition that Wall Street is building tokenization and other use cases on Ethereum. To demonstrate the scale of Wall Street's development on Ethereum, the Ethereum Foundation's official website has listed 35 major financial institutions that have built on Ethereum in just the past few months."

Additionally, Tom Lee stated that as of January 25, 2026, the total amount of ETH staked by BitMine was 2,009,267 ETH (valued at $57 billion based on $2,839 per ETH), with an increase of 171,264 ETH in the past week. This represents only a portion of the 4.2 million ETH held by BitMine. The current amount of ETH staked by BitMine exceeds that of any other entity globally. Based on a CESR of 2.81% (if all held ETH is staked), the annual staking revenue could reach $370 million, averaging over $1 million per day.