Tom Lee’s company, Bitmine, has made another large move in Ethereum. This time, they staked 19,200 ETH, worth roughly $60 million.
What stands out is the bigger picture. Bitmine has now staked around $2.62 billion in Ethereum in total. That’s not trading or speculation. That’s long-term positioning.
Staking means the ETH is locked and working on the network. It shows confidence in Ethereum’s future and a willingness to hold through market cycles, not chase short-term price action.
When firms of this size keep committing capital like this, it usually reflects a clear belief in where things are heading. Ethereum continues to draw serious interest without much noise.