Key Developments in Ethereum Staking
Ethereum's circulating supply is experiencing a significant shift due to a growing trend in staking. In a recent development, BitMine Immersion Technologies staked an additional 86,848 Ethereum tokens, bringing its total staked balance to an impressive 1,771,936 ETH.
This substantial action, initially reported by Lookonchain, has amplified concerns regarding the diminishing availability of Ethereum on cryptocurrency exchanges.
Tom Lee(@fundstrat)'s #Bitmine staked another 86,848 $ETH($277.5M) 5 hours ago.
— Lookonchain (@lookonchain) January 20, 2026
In total, #Bitmine has now staked 1,771,936 $ETH($5.66B).https://t.co/P684j5Yil8pic.twitter.com/fNoIuERqKt
The Ethereum staking environment has seen consistent growth over recent months, with institutional investors such as BitMine playing a pivotal role in this evolution. As staking activity continues to rise, the quantity of Ethereum available for trading has consequently decreased.
Currently, Ethereum's unstaking queue has been cleared, and the staking entry queue has surged to 2.6 million ETH, marking the highest level observed since July 2023.
BitMine's Strategic Ethereum Accumulation
BitMine, recognized as the world's largest Ethereum treasury company, has substantially increased its holdings through strategic staking. Following the recent addition of 86,848 ETH, the company now manages a total of 1.77 million ETH, with an estimated value of approximately $5.66 billion.
$ETH SUPPLY TIGHTENS AS STAKING HITS RECORD LEVELS
— CryptosRus (@CryptosR_Us) January 20, 2026
Tom Lee’s BitMine just staked another 86,848 ETH.
BitMine now has 1,771,936 ETH staked in total.
At the same time:
– Ethereum’s unstaking queue is now zero
– The staking entry queue surged to 2.6M ETH, the highest… pic.twitter.com/sG4mB4CCkv
Tom Lee, the CEO of BitMine, has articulated the company's approach, identifying themselves as the "largest 'fresh money' buyer of ETH worldwide." Lee has emphasized the firm's dedication to augmenting its Ethereum stake, particularly in the context of current market volatility.
Despite experiencing recent losses when Ether traded below the $3,000 mark, Lee has conveyed optimism regarding Ethereum's long-term prospects and underscored the significance of staking as an integral component of their recovery strategy.