BitMine Stakes $400M in Ethereum, Expanding Staking Portfolio
Tom Lee's BitMine has significantly increased its Ethereum staking activities, with 86.5% of its holdings now staked.
Tom Lee's BitMine has significantly increased its Ethereum staking activities, with 86.5% of its holdings now staked. Ethereum (ETH) is trading at ₹2,34,400 ($2,467.49), up 0.4% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Wed, 21 Oct 2026 12:00:01 UTC.
This development highlights growing institutional interest in Ethereum staking, which could further secure the network and influence ETH price dynamics. The substantial investment also underscores confidence in Ethereum's long-term potential.
- BitMine has staked 86.5% of its Ethereum holdings.
- The total value of staked Ethereum is nearly $400 million.
- Ethereum's price rose 2.99% in the past 24 hours.
- BitMine's 12,535 ETH Purchase Pushes Holdings to 6M as Ethereum Trades Below $2,500
- Ethereum Tests $2.4K Support Amid Whale Activity and Staking Changes
- Bitwise Reports Record Ethereum and Solana Staking Despite Declining Yields
- Ethereum Staking Yield Drops to 2.63% as Staked ETH Reaches New High
- Ethereum Staking Hits New High with 43.8 Million ETH Locked
- Ethereum Staking Hits New High: 35.9% of Supply Now Staked
- BitMine Stakes $400M in Ethereum, Expanding Staking Portfolio — this brief
Tom Lee's cryptocurrency investment firm, BitMine, has significantly expanded its 
Ethereum staking activities, with 86.5% of its Ethereum holdings now staked. This move represents a substantial investment, with the total value of staked Ethereum nearing $400 million.
The decision to increase staking comes at a time when Ethereum's price has been relatively stable, despite recent market volatility. The current price of Ethereum is $2457.04, having risen 2.99% in the past 24 hours. This increase in staking could potentially influence Ethereum's price dynamics in the near future.
The broader cryptocurrency market has also seen a positive trend, with the total market cap now at $2.86 trillion. 
Bitcoin, the largest cryptocurrency by market cap, has risen 2.27% in the past 24 hours, contributing to a market environment that is currently in a state of 'Greed' according to the Fear & Greed Index.
Ethereum's staking mechanism has been a significant factor in its growing popularity among institutional investors. Staking not only provides a way to earn passive income but also contributes to the security and efficiency of the Ethereum network.
The increase in staking by BitMine could be a sign of growing institutional confidence in Ethereum's long-term potential. Investors will be watching for further developments in Ethereum staking and its impact on the broader market.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from ₹2,33,407.05$2,457.04 to ₹2,34,399.75$2,467.49 — +0.43%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Ethereum dip to $1,250 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹9.18M 24h volume, resolves Jan 1 — snapshotted when this brief published (Oct 21 11:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 ETH ≈ ₹257,470.24 (about $2,467.49), up 3.6% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 21, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
BitMine Stakes $400M in Ethereum, Expanding Staking Portfoli — questions & answers
What percentage of BitMine's Ethereum is staked?
86.5% of BitMine's Ethereum holdings are currently staked.
How much is BitMine's staked Ethereum worth?
The total value of BitMine's staked Ethereum is nearly $400 million.
What is Ethereum's current price and market performance?
Ethereum is priced at $2457.04, up 2.99% in the past 24 hours.
How much is 1 Ethereum worth in rupee today?
About ₹257,470.24 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,467.49. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.43% since this brief first published — trading at ₹2,34,400 ($2,467.49) now versus ₹2,33,407 ($2,457.04) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.