Tom Lee’s Bitmine Stakes $5.66B in Ethereum

Published by

Sohrab Khawas

January 20, 2026

Bitmine Immersion Technologies, led by Tom Lee and supported by Cathie Wood and Pantera, added 86,848 ETH (around $279 million) to its staking. The company now has 1.77 million ETH staked, worth $5.66 billion, more than 40 % of its treasury. With 36 million ETH (30 % of the network) already locked in staking, this move helps reduce supply on exchanges. Bitmine aims to earn staking rewards, strengthen its long-term position, and reach 5 % network share with its MAVAN validator network in early 2026.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Ethereum