The treasury company BitMine has raised its locked assets in the Ethereum network to 1.08 million coins, with the portfolio now exceeding $3 billion.

Source: Arkham Intelligence.

The firm has sent an additional 86,400 ETH to staking through four transactions. According to Lookonchain, the company now holds $3.7 billion.

Tom Lee (@fundstrat)'s #Bitmine staked another 109,504 $ETH ($340.6M) in the past 2 hours.

In total, #Bitmine has now staked 1,190,016 $ETH ($3.7B). https://t.co/P684j5YQaG pic.twitter.com/HHUI11YsT7

— Lookonchain (@lookonchain) January 12, 2026

BitMine is the largest corporate holder of Ethereum, followed by SharpLink and The Ether Machine.

Top 10 largest Ethereum holders among public companies. Source: Strategic ETH Reserve.

Analyst Nick Pakrin calculated that with the current yield of 2.81%, Tom Lee's company will generate an annual income of $94.4 million.

BitMine has now staked ~$3.3B worth of ETH.

At the current 2.81% yield, that generates roughly $94.4M per year in ETH.

Obviously, Bitcoin doesn’t produce cash flow.

If another crypto winter hits & debt comes due, does holding a stakeable asset change who weathers it better?

— Nic (@nicrypto) January 11, 2026

The expert noted that unlike Bitcoin, Ethereum generates cash flow, which helps businesses manage debts and survive a "crypto winter."

Despite increasing its holdings, BitMine's shares are trading at $30.06, which is 80% lower than the all-time high reached in July 2025.

Source: Google Finance.

At the beginning of January, Lee proposed increasing the share issuance limit from 50 million to 50 billion.

He stated that this is a technical measure for future splits. The company's goal is to keep the stock price within an affordable range of around $25.

Recall that in December, BitMine reported purchasing 44,463 ETH at an average price of $2,948 per coin.