BitMine Immersion Technologies, the publicly traded Ethereum treasury company led by Tom Lee, today staked an additional 171,264 ETH worth $503 million, according to data tracked by Lookonchain.
Tom Lee(@fundstrat) #Bitmin staked 171,264 more $ETH($503.2 million) 6 hours ago.
In all, #Bitmin has now bet 1,943,200 $ETH($5.71 billion). pic.twitter.com/xrFAF4KKau
– Lookonchain (@lookonchain) January 23, 2026
The total amount of Ether staked by the company now stands at approximately 1.9 million ETH, valued at approximately $5.7 billion.
BitMine holds over 4 million ETH in total, representing approximately 3.5% of Ethereum’s circulating supply. The company has set itself the goal of reaching 5% of the total supply.
The company projects annual revenue of over $400 million from staking rewards on its ETH treasury, according to a January 2026 Lee shareholder update.
BitMine transitioned from Bitcoin mining to an Ethereum-focused treasury model after Lee took over as president in June 2025. The company now ranks as the largest institutional holder of Ethereum among publicly traded entities, with a market capitalization exceeding $13 billion.
