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Tom Lee predicts an Ethereum to $9,000 while BitMine bets another $266 million
Source: Yellow Original Title: Tom Lee predicts Ethereum to reach $9,000 while BitMine invests another $266 million
Original Link: Immersion Technologies invested an additional 86,400 ETH worth $266 million.
The deposit raises the total Ethereum staked by the company to 1.08 million ETH, valued at approximately $3.33 billion.
BitMine holds 4.14 million ETH, representing 3.43% of the total Ethereum supply, according to the company’s statement on January 4.
What happened
The staking transaction was processed through Ethereum’s BatchDeposit contract on January 10.
BitMine had previously staked 82,560 ETH worth $259 million on January 5, demonstrating accelerated staking activity.
The company began its staking operations on December 26, 2024, depositing approximately 74,880 ETH valued at $219 million.
BitMine plans to launch its “Made-in-America” validator network in the first quarter of 2026, after completing pilot programs with three institutional staking providers.
With current staking yields of approximately 2.8%, BitMine could generate over $1 million daily once it has staked its entire treasury.
Why it matters
The aggressive staking strategy indicates long-term holding intentions rather than active trading.
Tom Lee predicted that Ethereum could reach between $7,000 and $9,000 by early 2026, citing tokenization as the main growth driver.
Large-scale corporate staking removes circulating supply, potentially amplifying price movements when demand increases.
BitMine’s contributions to the validator queue have extended the activation times for new validators to approximately 31 days.
The company’s treasury strategy reflects the Bitcoin accumulation model, positioning Ethereum as a core asset on the balance sheet.