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
SUI Will Overtake Ethereum: Mysten Labs Co-Founder Makes Bold Call
A bold statement from Mysten Labs has pushed Sui back into the spotlight, especially as the conversation around scalability and real-world crypto payments continues to evolve. The claim centers on one idea. Future financial systems will demand fast and near-free transactions, and that
CaptainAltcoin54m ago
Bitmine Acquires 71,252 ETH, Nears 4% of Ethereum Supply With Massive Holdings
Bitmine has accumulated 4.8M ETH, nearly 4% of the supply, while expanding staking operations to generate up to $282M annually. With $11.4B in total holdings, the firm plans to list on the NYSE, solidifying its status as a leading Ethereum holder.
CryptoFrontNews3h ago
BlackRock charges an 18% commission on staking rewards for its Ethereum staking ETF; multiple experts assess costs and risks
BlackRock’s iShares Staked Ethereum Trust launched in March under its brand, with a management fee of 0.25% and a staking-reward commission of 18%. Industry insiders believe the commission includes multiple costs, and it may decrease in the future. Some people question whether such a high fee is justified, especially when comparing it to staking rates for retail investors.
GateNews4h ago
Ethereum falls below $2,200, with the 24-hour gain narrowing to 6.1%
Gate News update, April 8, market data shows that Ethereum fell below the $2,200 mark, and the 24-hour gain narrowed to 6.1%.
GateNews6h ago
ETH drops 0.85% in 15 minutes: ETF inflows weaken and large holders cut positions, triggering spot selling pressure
2026-04-08 14:30 to 14:45 (UTC), the ETH spot market saw a rapid pullback, with the return rate recording -0.85%. The candlestick price range fluctuated between 2202.51 and 2227.59 USDT, with a swing amplitude of 1.13%. During this period, trading volume rose by about 10% versus the previous hour on a quarter-hour basis, short-term market volatility intensified, and mainstream investor attention noticeably increased.
The main driving force behind this unusual move is that the ETF capital inflow momentum, which was strong on April 6, significantly weakened on April 8; institutions and some of the capital that had flowed in earlier chose to realize profits in the spot market, bringing concentrated selling.
GateNews6h ago
ETH 跌破 2200 USDT
Gate News bot 消息，Gate 行情显示，ETH 跌破 2200 USDT，现价 2198.15 USDT。
CryptoRadar6h ago
