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BitMine stakes $390M in Ethereum, now staking 86.5% of its holdings amid price recovery

Protocol Fundamentals
21 Oct 2026
UToday
View Source
Bullish
BitMine stakes $390M in Ethereum, now staking 86.5% of its holdings amid price recovery

Tom Lee's BitMine has increased its Ethereum staking by adding 159,728 ETH worth about $390.6 million, bringing its total staked Ethereum to 5.23 million ETH valued at $12.78 billion. This represents 86.5% of its total Ethereum holdings, which is about 5% of all Ethereum in circulation. The move signals strong confidence in Ethereum's future despite recent market volatility. Ethereum's price has also recovered, trading around $2,450 with a 2.78% gain, boosting market optimism.

Ethereum trades at Rp44,207,793 on Pluang as of Oct 21, 2026 18:03 WIB, showing a 2.88% gain in the last day. This price movement aligns with the article's note of a $2,450 price level and a 2.78% increase. Pluang data also shows a market cap of Rp5.431,02 trillion and a 24-hour trading volume of Rp205,85 trillion, indicating robust market activity amid BitMine's significant staking increase.

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