Bitmine Staked Additional 209,504 ETH, Total Now 2.22 Million

Bitmine Immersion Technologies has staked 209,504 ETH, worth $610 million, boosting its total staked Ethereum to 2,218,771 units, as of January 27, 2026.

This substantial staking underscores Bitmine’s commitment to Ethereum, enhancing its validator infrastructure and market influence, potentially impacting Ethereum’s staking landscape and security.

Bitmine Ups ETH Stake to 2.22 Million with Latest Move

Bitmine Immersion Technologies increased its ETH holdings by staking an additional 209,504 ETH, as reported by Lookonchain on January 27. This move further strengthens Bitmine’s portfolio to over 2.22 million ETH staked. The staking action represents more than half of Bitmine’s total ETH holdings, highlighting their strategic emphasis on Ethereum (ETH) assets.

Staking levels are significant for Bitmine, with these actions part of a broader strategy to enhance returns through network participation and forthcoming infrastructure deployment under MAVAN. The MAVAN project aims to create an advanced validator network based in the U.S., with first rollouts expected in early 2026.

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Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the ETH staking fee is $374 million annually (using 2.81% CESR), or greater than $1 million per day. – Tom Lee, Chairman, Bitmine Immersion Technologies (NYSE: BMNR)

Market Unfazed by Bitmine’s $374 Million Staking Strategy

Did you know? Bitmine’s recent stake raises its staking yield potential to over $1 million daily, reinforcing their Ethereum strategic focus amidst global staking rises.

Ethereum recently maintained a price of $2,938.04, with a 7-day decline of 7.76%. ETH’s market cap stands at over 354.61 billion according to CoinMarketCap data. The crypto remains above 120 million ETH in supply without a capped maximum. The significant staking activity from entities like Bitmine underscores ongoing institutional interest in Ethereum’s staking rewards.

Experts from the Coincu research team suggest that compounding staked ETH adds layers to Ethereum’s network security while Divergent investor strategies may influence ETH validator distribution long-term as MAVAN advances. Staking may catalyze shifts yet seen in broader regulatory landscapes and potentially redefine validator strategies.