BitMine Immersion Applied sciences, a publicly traded Ethereum finance firm led by Tom Lee, invested an extra 171,264 shares. Ethereum It’s price $503 million in the present day, in keeping with information tracked by Lookonchain.
Tom Lee (@fundstrat)’s #Bitmine wager one other $171,264Ethereum($503.2 million) 6 hours in the past.
In complete, #Bitmine has at the moment staked $1,943,200Ethereum($5.71B) https://t.co/P684j5YQaG pic.twitter.com/xrFAF4KKau
— Lookonchain (@lookonchain) January 23, 2026
The entire quantity of Ether the corporate is betting on is at the moment round $1.9 million. Ethereumits worth is roughly $5.7 billion.
BitMine holds over 4 million Ethereum In complete, they symbolize about 3.5% of Ethereum’s circulating provide. The corporate has set a goal of reaching 5% of complete provide.
The corporate tasks that wagering rewards will generate greater than $400 million in annual income. Ethereum In keeping with Lee’s January 2026 shareholder replace, Treasury mentioned:
BitMine pivoted from Bitcoin mining to an Ethereum-focused monetary mannequin after Lee turned chairman in June 2025. The corporate at the moment ranks as the biggest institutional holder of Ethereum amongst publicly traded firms, with a market capitalization of over $13 billion.
