Tom Lees BitMine stakes $1 billion in Ethereum in two days: On-chain data

Key Takeaways

• In the past two days, BitMine Immersion has moved 342,560 ETH into staking.
• To support long-term ETH staking returns, BitMine is building MAVAN, the Made in America Validator Network.

BitMine Immersion, one of the largest digital asset treasury entities, has staked 342,560 Ethereum worth about $1 billion over the past two days, according to data tracked by Lookonchain.

The company, led by Fundstrats Tom Lee, reported holding more than four million ETH, equal to approximately 3.4% of the total supply, in its most recent filing. On-chain data show that the figure has since risen as the firm continued to accumulate throughout the week.

Staking ETH supports Ethereums network security through its proof-of-stake validation mechanism, where validators lock up tokens to help verify transactions.

BitMine is preparing to roll out its Made in America Validator Network (MAVAN) after assessing multiple institutional staking providers across safety, reliability, and reward generation.

The company has initiated a live pilot with three selected partners to track real-time performance before committing more assets.

With a targeted go-live in early 2026, BitMine aims to create a purpose-built platform for native ETH staking, prioritizing long-term value for its shareholders.