BitMine Immersion Technologies, a publicly traded Ethereum finance company led by Tom Lee, invested an additional 171,264 shares. Ethereum It is worth $503 million today, according to data tracked by Lookonchain.
Tom Lee (@fundstrat)’s #Bitmine bet another $171,264Ethereum($503.2 million) 6 hours ago.
In total, #Bitmine has currently staked $1,943,200Ethereum($5.71B) https://t.co/P684j5YQaG pic.twitter.com/xrFAF4KKau
— Lookonchain (@lookonchain) January 23, 2026
The total amount of Ether the company is betting on is currently around $1.9 million. Ethereumits value is approximately $5.7 billion.
BitMine holds over 4 million Ethereum In total, they represent about 3.5% of Ethereum’s circulating supply. The company has set a target of reaching 5% of total supply.
The company projects that wagering rewards will generate more than $400 million in annual revenue. Ethereum According to Lee’s January 2026 shareholder update, Treasury said:
BitMine pivoted from Bitcoin mining to an Ethereum-focused financial model after Lee became chairman in June 2025. The company currently ranks as the largest institutional holder of Ethereum among publicly traded companies, with a market capitalization of over $13 billion.