Bitmine, led by Tom Lee, staked an additional 159,728 ETH worth about $390.6 million, increasing its total staked Ether to approximately 5.23 million ETH, or 86.5% of its 6.04 million ETH holdings. This amount represents nearly 4.9% of Ethereum's 122.1 million circulating supply, just shy of Bitmine's 5% target. Staking allows Bitmine to earn annual rewards, estimated to rise to $369 million if the full treasury is staked. Despite recent crypto market dips attributed to AI funding concerns and geopolitical tensions, Bitmine continues to increase its Ether holdings, betting on long-term demand and network growth. However, staked Ether is less liquid, requiring an exit queue to unstake, which Bitmine accepts in exchange for yield.
Tom Lee's Bitmine has staked about 5.23 million ETH, representing 86.5% of its 6.04 million ETH holdings, worth approximately $390.6 million. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 21, 2026 16:31 WIB: of 50 major cryptocurrencies priced on Pluang, 45 rose and 4 fell today. Notable movers include CRV (Curve DAO Token) with a 7.03% increase and 96% sell order activity, MANA (Decentraland) up 6.60% with 87% sell orders, and UNI (Uniswap) rising 6.06% with 59% sell orders.
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