BitMine Founder Tom Lee Says Staking Is Coming Soon, Claims Ethereum Founders Will Shoot Wall Street

The keys are taken away

• BitMine is preparing to launch its Ethereum pooling solution.

• Ethereum’s founders are coordinating updates aimed at making the network more accessible to Wall Street firms, Lee said.

• While BitMine continues to pursue its goal of holding 5% of all ETH, Lee dismissed concerns about centralization.

BitMine founder and CEO Tom Lee has revealed that the digital asset treasury (DAT) firm will launch an investment solution “very soon”.

The founder also claimed that the Ethereum founders he spoke with were preparing to upgrade the network to “make sure Wall Street can bet” on it.

Speaking to Ark Invest’s Cathie Wood on his podcast, BitMine founder Tom Lee said the company is about the 470th largest US company by market capitalization.

The comments came after BMNR shares rallied from about $5 to $161, and 2025. October 10 settled in the mid-$50s after a year-to-date gain of nearly 700%.

When the future investment decision is live, Lee said on the podcast, the company could earn a 2.79% pre-tax profit, which could be among the 800 most profitable companies in the US.

The embedded solution will allow BitMine to lock up a portion of its massive Ethereum holdings to generate profits, effectively turning idle crypto assets into a steady stream of revenue.

Lee pointed to BitMine’s huge cryptocurrency treasury, which now has 2.83 million. ETH, which is 2.5% of all Ethereum.

The company also has 192 BTC and 456 million. USD in cash, bringing the company’s total cryptocurrency and cash reserves to about $13.4 billion.

This makes BitMine the world’s largest Ethereum corporation and the second largest total cryptocurrency treasury after MicroStrategy.

As markets fell last week, BitMine bought another 104,336 ETH for $417 million. USD based on chain monitoring data.

Ethereum’s founders are currently preparing updates that will allow major financial institutions, including Wall Street firms, to build directly on the blockchain, Lee said on the podcast.

Lee said that after spending time with Ethereum developers and project managers at the Token 2049 event, he learned that they were aligned on the necessary changes for institutional integration.

“I’ve gotten a clear sense from spending time at Token with a lot of Ethereum founders that they’re really listening to make sure they’re going to make updates that allow Wall Street to build Ethereum,” Lee said.

He added that this reflects a “rejuvenation of Ethereum thinking” that is uniting the community and strengthening its leadership in the blockchain space.

“Yes, I think it’s kind of a rejuvenation of thinking in Ethereum, which I think also helps invigorate the community,” he added.

Lee’s comments suggest that the next phase of Ethereum’s development could focus heavily on institutional-grade infrastructure, and the network should emphasize security and scalability.

As Lee praised, Ethereum’s focus on supporting a “100% uptime network” has become a key differentiator for banks and payment networks as they explore distributed ledger technology.

While Lee explained how BitMine’s upcoming stake decision could further strengthen its position in Ethereum, he dismissed concerns that a large company’s stake could lead to centralization of the network.

The comments come as the company continues to pursue its publicly announced goal of acquiring 5% of the total ETH supply, an internal goal dubbed “5% Alchemy.”

Lee acknowledged that there is a point at which an entity that owns too much of a network “can actually have a negative impact by crowding out innovation.”

But he said discussions with researchers at Fundstrat and Standard Chartered indicated that “10% is actually still an acceptable level.”

“…because if you think about it, even in any competitive world, if someone owns 10% of the system, they don’t control it,” he said.

Lee noted that he believes that “up to 12 million Ethereum tokens is not a glut, and that’s twice BitMine’s goal.”

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