Bitmine increases staked Ethereum to 1.9M ETH, valued at $5.7B: On-chain data

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.