BitMine Immersion Applied sciences, a publicly traded Ethereum finance firm led by Tom Lee, invested a further 171,264 shares. $ETH It’s price $503 million right this moment, based on knowledge tracked by Lookonchain.
Tom Lee (@fundstrat)'s #Bitmine wager one other $171,264 $ETH($503.2 million) 6 hours in the past.
In complete, #Bitmine is presently staking 1,943,200 $ETH($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 presently round $1.9 million. $ETHits worth is roughly $5.7 billion.
BitMine holds over 4 million $ETH In complete, they characterize about 3.5% of Ethereum's circulating provide. The corporate has set a goal of reaching 5% of complete provide.
The corporate initiatives that wagering rewards will generate greater than $400 million in annual income. $ETH Based on Lee's January 2026 shareholder replace, Treasury stated:
BitMine pivoted from Bitcoin mining to an Ethereum-focused monetary mannequin after Lee turned chairman in June 2025. The corporate presently ranks as the most important institutional holder of Ethereum amongst publicly traded firms, with a market capitalization of over $13 billion.
