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BitMine Increases Staked Ethereum to 1.9M ETH, Valued at $5.7B
Source: CryptoNewsNet Original Title: Bitmine increases staked Ethereum to 1.9M ETH, valued at $5.7B: On-chain data Original Link: 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.
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.