Ethereum is being "treasury re-priced," while BitMine Immersion Technologies is accelerating the absorption of liquidity on the supply side. Led by Tom Lee, this Ethereum reserve company has completed a highly structured round of funding activity in the past 24 hours. Latest on-chain activity: scale-level staking expansion, new configuration in the past 24 hours: approximately $320 million worth of ETH entered the staking system, with about 75,600 ETH transferred to Coinbase Prime for staking. An additional approximately 61,200 ETH was configured on Wednesday. This is the first concentrated large-scale deployment in nearly three weeks. Current structure: staking ratio surpasses a key threshold.


BitMine's current status: approximately 3.5 million ETH staked, worth about $8.1 billion, accounting for about 70.1% of total holdings.
This means its asset structure has fundamentally changed: from a "HODL company" to a "yield-oriented ETH asset management entity."
A deeper signal: supply locking is accelerating.
There is also a key on-chain change: three suspected related new wallets received about 100k ETH (≈$100k).
If this data is confirmed: total holdings will rise to about 5.08 million ETH.
ETH-1.88%
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