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Bitmine increases staked Ethereum to 1.9M ETH, valued at $5.7B: On-chain data
The company is doubling down on ETH staking to capitalize on rising yield returns.
BitMine Immersion Technologies, the publicly traded Ethereum treasury company led by Tom Lee, staked an additional 171,264 ETH worth $503 million today, according to data tracked by Lookonchain.
Tom Lee(@fundstrat)'s #Bitmine staked another 171,264 $ETH($503.2M) 6 hours ago.
In total, #Bitmine has now staked 1,943,200 $ETH($5.71B).https://t.co/P684j5YQaG pic.twitter.com/xrFAF4KKau
— Lookonchain (@lookonchain) January 23, 2026
The firm’s total staked Ether now stands at about 1.9 million ETH, valued at roughly $5.7 billion.
BitMine holds over 4 million ETH in total, representing approximately 3.5% of Ethereum’s circulating supply. The company has set a target of reaching 5% of the total supply.
The firm projects over $400 million in annual income from staking rewards on its ETH treasury, according to a January 2026 shareholder update from Lee.
BitMine pivoted from Bitcoin mining to an Ethereum-focused treasury model after Lee assumed chairmanship in June 2025. The company now ranks as the largest institutional Ethereum holder among publicly traded entities, with a market cap exceeding $13 billion.