BitMine Drops $277.5M More into ETH Staking

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.

BREAKING: 🇺🇸 Tom Lee’s BitMine has staked another $277.5 million worth of Ethereum.

They have staked $5.66 billion in Ethereum till now. pic.twitter.com/alT0auEdO3

— Ash Crypto (@AshCrypto) January 20, 2026

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.