Tom Lee’s Bitmine Locks $508M in ETH, Hold 4% Of Total ETH Supply
The post Tom Lees Bitmine Locks $508M in ETH, Hold 4% Of Total ETH Supply appeared first on Coinpedia Fintech News Just like Michael Saylor‘s Strategy, Tom Lee’s Bitmine Immersion Technologies is showing no signs of slowing down. According to on-chain data from Arkham Intelligence, Bitmine recently locked around $508 million worth of ETH, adding to its already massive holdings. The firm now holds a significant share of the network‘s staked supply, impacting ETH’s available supply. Bitmine Adds $508 Million ETH Stake Arkham transaction data shows that six large transfers were made from Bitmine-linked wallets to Coinbase Prime staking addresses over the last day. The transactions included multiple ETH deposits worth tens of millions of dollars each. Some of the largest transfers were worth around $73 million, $69 million, $65 million, and $52 million. Combined, the recent batch of transactions totaled roughly $508 million in Ethereum staking activity. Tom Lee just staked $508.4M ETH Bitmine has now staked over 4 MILLION ETH (worth $9.3B) – thats 10.5% of the total staked ETH supply. Tom Lee is buying and staking ETH. pic.twitter.com/NofM7r0YRG — Arkham (@arkham) May 1, 2026 This suggests Bitmine is still aggressively expanding its long-term Ethereum strategy instead of slowing down. Bitmine Now Holds Over 4 Million ETH Reports suggest that