Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Data from Lookonchain, which specializes in analyzing blockchain transactions, shows that BitMine Immersion stored and distributed 342,560 ETH coins in the past two days, worth approximately $1 billion.
The company is led by Fundstrat head of research Tom Lee, who said in his latest statement that the company holds more than 4 million ETH, equivalent to about 3.4% of the total supply.
That number subsequently increased as the company continued to increase its holdings throughout the week, online data showed.
Ethereum staking is an important element in supporting the security of the Ethereum network in the proof-of-stake mechanism, as validators retain tokens to help validate transactions and protect the network.
Against this background, BitMine has evaluated multiple institutional staking service providers based on standards such as security, reliability, and ability to generate returns, and is preparing to launch the “Made in America Verifier Network (MAVAN).”
The company has also launched a live pilot program in partnership with three selected entities to directly measure performance before committing additional funding.
The company plans to launch in early 2026, with BitMine seeking to build a dedicated ETH staking platform focused on adding long-term value for shareholders.
Also read:
Bitcoin Price Continues Sideways, CC Steals the Show: Details
