BREAKING: Tom Lee’s BitMine Immersion Technologies Stakes Additional 79,296 ETH Worth ~$232 Million

The firm, chaired by Fundstrat's Tom Lee and already the largest corporate Ethereum holder with over 4 **BREAKING: Tom Lee’s BitMine Immersion Technologies Stakes Additional 79,296 ETH Worth ~$232 Million** ETH (~3.37% of total supply), has further expanded its staking position. On-chain data shows this latest deposit brings BitMine's total staked ETH to approximately 154,176 tokens (valued at ~$451 million).

Staking allows BitMine to earn ~3% annual yield on its holdings while supporting Ethereum's proof-of-stake network—combining balance sheet exposure with passive income.

As institutional interest grows, more companies may follow suit, treating ETH as a high-tech treasury asset with built-in dividends. Analysts see strong potential for Ethereum to reach $10,000+ driven by corporate adoption and network upgrades.