The post BitMine Stakes $5.6B in Ethereum Amid ETH Supply Crunch appeared on BitcoinEthereumNews.com. Tom Lee’s BitMine Immersion continues its aggressive EthereumThe post BitMine Stakes $5.6B in Ethereum Amid ETH Supply Crunch appeared on BitcoinEthereumNews.com. Tom Lee’s BitMine Immersion continues its aggressive Ethereum

BitMine Stakes $5.6B in Ethereum Amid ETH Supply Crunch

Tom Lee’s BitMine Immersion continues its aggressive Ethereum accumulation strategy, while allocating a portion of its portfolio to staking. Earlier today, the largest Ether treasury company staked a massive 86,848 tokens, further bolstering its long-term ETH exposure.

While the institutional accumulation of ETH intensifies, the altcoin is facing a significant shortage on exchanges. With the exchange balance thinning and BitMine exploring staking, the future of Ethereum remains promising.

BitMine Locks Up Billions in Staking

On-chain analytics platform Lookonchain took to X to reveal BiMine Immersion’s latest Ethereum staking moves. Just five hours ago, the Ethereum treasury company locked another 86,848 tokens, worth $277.5 million. According to Lookonchain’s X post, the company now holds a staggering 1,771,936 ETH, valued at $5.66 billion in its Ether staking portfolio.

It is worth noting that the platform continues to accumulate Ethereum despite increasing volatility. Recently, BitMine bought 24,266 tokens, bringing its total ETH holdings to 4.17 million. Commenting on his strategy, CEO Lee noted,

Significantly, Tom Lee’s Ethereum staking initiative is a strategic move to manage its $4 billion debt. While Ether traded below the $3k threshold, the company saw unrealized losses of about $4 billion. Despite this short-term crash, Lee remained confident about Ether’s long-term success and thus launched staking for additional revenue.

As CoinGape reported earlier, this strategic move has contributed to the overall growth of Ethereum staking. With major players opting for holding their tokens for a long term, the Ethereum staking has hit record highs of $118 billion.

ETH Supply on Exchanges Tightens

Notably, institutions including BitMine are actively accumulating the largest altcoin. Besides Tom Lee’s firm, companies like SharpLink, The Ether Machine, and ETHZilla have also established their own Ether reserves.

This increasing corporate acquisition of Ether has resulted in a significant shortage in the token’s supply on exchanges. According to CryptoQuant, the amount of the crypto available on centralized exchanges (CEXs) has fallen to 16.3 million.  

This supply crunch implies that the ETH price has a bright future, as the demand picks up. As BitMine continues to accumulate and stake Ether, the supply drop is expected to surge. This indicates that the altcoin is setting the stage for a rally, despite the prevailing short-term correction.

Source: https://coingape.com/bitmine-stakes-5-6b-in-ethereum-amid-eth-supply-crunch/

Market Opportunity
Ethereum Logo
Ethereum Price(ETH)
$3,117.64
$3,117.64$3,117.64
-3.05%
USD
Ethereum (ETH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Gold hits yet another new all-time high of $4,740 as Bitcoin crashes to $91,000

Gold hits yet another new all-time high of $4,740 as Bitcoin crashes to $91,000

The post Gold hits yet another new all-time high of $4,740 as Bitcoin crashes to $91,000 appeared on BitcoinEthereumNews.com. Gold futures pushed to a new all time
Share
BitcoinEthereumNews2026/01/20 14:04
CLARITY Act Gains Support as Bitcoin Policy Momentum Builds

CLARITY Act Gains Support as Bitcoin Policy Momentum Builds

The post CLARITY Act Gains Support as Bitcoin Policy Momentum Builds appeared on BitcoinEthereumNews.com. The crypto regulation in the United States has gained momentum ahead of midterm elections in 2026. Satoshi Action Fund CEO has promised a massive Bitcoin announcement that may change crypto adoption optics. The Clarity Act has already received minimum required support from the Democratic Senators. Crypto regulation in the U.S. is picking up speed heading into the 2026 midterms. The Satoshi Action Fund, led by Dennis Porter, has ramped up lobbying efforts in Washington D.C., pushing lawmakers to prioritize the CLARITY Act. Porter also teased that a “massive” Bitcoin announcement is coming next week; one he claims could change the trajectory of Bitcoin adoption in the U.S.  Industry voices are urging traders to watch closely. Benjamin Aaron Semchee, chairman of Averliz, told followers that Porter’s call deserves attention, underscoring how policy shifts could hit markets fast. What Crypto Regulations Are Expected from Washington D.C? Building on the GENIUS Act The U.S. lawmakers came together from both major parties to pass the GENIUS Act, which focuses on stablecoins as a form of payment.  With the country’s labor data having revealed weakness, lawmakers are now more keen than ever to tap into the emerging technologies to create new and higher paying jobs. Bipartisan Push for the CLARITY Act Momentum is now behind the CLARITY Act, which aims to overhaul crypto market structure rules. On Friday, 12 Democratic Senators, led by Senator Ruben Gallego, reaffirmed their intent to work across the aisle. “We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale. Given our shared interest in moving forward quickly on this issue, we hope they will agree to reasonable requests to allow for true collaboration,” the Dem Senators noted. Related: Ray Dalio Warns of US ‘Economic Heart Attack’ From Debt, Sees…
Share
BitcoinEthereumNews2025/09/20 21:02
Goddess of Wealth Jailed for $7.2 Billion Crypto Scam Targeting Thousands

Goddess of Wealth Jailed for $7.2 Billion Crypto Scam Targeting Thousands

Zhimin Qian jailed in UK for $7.2B crypto scam targeting 128,000 victims; 61,000 Bitcoin seized in record-breaking operation. Zhimin Qian, also known as Yadi Zhang
Share
LiveBitcoinNews2026/01/20 14:00