Tom Lee: “BitMine staking 1.25 million Ether… Ethereum bull market after 2027”

Reports say BitMine, the largest corporate holder of Ethereum (ETH), is moving in earnest to execute a large-scale staking strategy.

According to crypto-focused outlet DL News on the 13th, BitMine has deployed roughly $4 billion worth of its Ethereum holdings into staking. That is about one-third of the company’s total digital-asset holdings. BitMine currently holds more than about 4.16 million Ether, accounting for roughly 3.45% of circulating supply.

Tom Lee, chairman of BitMine, said, “BitMine will become one of the world’s largest Ethereum staking operators.” He projected annual staking revenue of about $374 million, potentially exceeding $1 million a day.

He also laid out his view of market conditions. Calling the sharp deleveraging phase that has persisted since October last year a “mini crypto winter,” Lee assessed that the correction is effectively nearing its end. He said, “2026 will be a year of recovery, and a full-fledged price upswing is likely to emerge in 2027–2028.”

Lee explained, “Generating cash flow through staking can ease structural balance-sheet pressures over the long term.”

Meanwhile, BitMine has set a medium- to long-term goal of increasing the share of Ethereum in its holdings to around 5%.