BitMine Immersion Technologies has staked another $277.5 million worth of Ethereum. This raises its total staked ETH to $5.66 billion. The company is led by well-known crypto supporter Tom Lee. BitMine holds around $13 billion worth of Ethereum in total. A large share of this ETH is now locked for staking. This move shows strong belief in Ethereum’s long-term value. The company is not rushing to sell its assets.
Why BitMine Is Staking Instead of Selling
Ethereum staking lets BitMine earn rewards while holding ETH. This helps the firm make steady income. It also avoids price drops caused by large sales. Staked ETH cannot be sold quickly, which lowers panic selling. Tom Lee has often supported long-term crypto holding. This strategy matches that view. BitMine is focused on growth, not short-term gains.
How This Affects Ethereum Supply
When large firms stake ETH, less supply stays on exchanges. This reduces available Ethereum in the market. Lower supply can help support prices over time. Ethereum staking demand is already rising fast. Validator waiting times are getting longer. This shows strong network use. More locked ETH also improves network security.
What This Means for Crypto Adoption
BitMine’s move shows growing trust from big investors. Ethereum is now seen as a useful digital asset, not just a trade. Institutions want yield and long-term value. Staking offers both. More firms may follow this path in 2026. This strengthens Ethereum’s role in the global crypto system.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum Jumps 25% After $1750 Liquidity Sweep As Traders Eye $2500 Zone
_Ethereum surged about 25% from $1,750 to near $2,200 after a liquidity sweep triggered strong buying activity._
_Around 3.4M ETH is waiting in the validator queue, one of the longest lines since Ethereum moved to proof of stake._
_Trader 0xA5e4 lost $1.53M after a $31M ETH short
LiveBTCNews1h ago
ETH Breaks Through 2150 USDT
Gate News bot message, Gate market display, ETH has broken through 2150 USDT, now priced at 2150.56 USDT.
CryptoRadar2h ago
Data: If ETH drops below $2,039, the total long liquidation strength on major CEXs will reach $979 million.
ChainCatcher Message: According to Coinglass data, if ETH drops below $2,039, the total liquidation strength of long positions on major CEXs will reach $979 million. Conversely, if ETH breaks above $2,249, the total liquidation strength of short positions on major CEXs will reach $735 million.
GateNews2h ago
A whale contract trader's short position reaches $32 million, with an unrealized profit of $4.5 million.
According to Arkham monitoring, 0x58bro profited $4.5 million from shorting altcoins, mainly from shorting ETH, with a gain of $3.04 million. He plans to short an additional $1.3 million when ETH price reaches between $2,220 and $2,490, and his current unrealized profit has already reached $4.5 million.
GateNews3h ago
