Tom Lee's BitMine Stakes Nearly $400 Million in Ethereum

Tom Lee's BitMine has expanded its Ethereum staking portfolio as it continues to show resilience on the leading crypto asset despite the recent market volatility. The move comes as the leading Ethereum treasury firm continues to double down on Ethereum regardless of the market condition, maintaining strong conviction in its future price potential. According to recent data shared by blockchain monitoring firm Lookonchain, Tom Lee's BitMine has staked another 159,728 ETH worth about $390.6 million. Following this move, BitMine has now boosted its total staked Ethereum holdings to a massive 5.23 million ETH, worth about $12.78 billion.