Bitmine Stakes Extra $60M in ETH, Total Staked Hits $2.62B

• Bitmine staked an additional $60M in ETH, lifting total staked value to $2.62B.
• The firm now holds over 4 million ETH, the largest known corporate ETH treasury.
• Staking supports Bitmine’s planned U.S.-based validator network launch in 2026.

Bitmine continues to deepen its Ethereum-focused treasury strategy after staking an additional $60 million worth of Ether, pushing its total staked balance above $2.6 billion. The move reinforces the firm’s position as the largest known corporate holder of ETH and signals sustained institutional conviction in Ethereum staking yields.

On-chain analytics platform Onchain Lens reported the latest transaction in a Jan. 8 post on X. The data shows that Bitmine Immersion Technologies staked 19,200 ETH, valued at approximately $60.85 million, as part of its ongoing deployment into Ethereum’s proof-of-stake system.

Staking balance climbs past $2.6 billion

Following the new deposit, Bitmine’s total staked Ether reached roughly 827,008 ETH, worth about $2.62 billion at current prices. The firm’s staking activity has accelerated rapidly since late December.

Bitmine entered Ethereum staking on Dec. 27, initially deploying 74,880 ETH. Since then, it has expanded aggressively, adding 82,560 ETH in early January and a much larger 186,336 ETH stake on Jan. 6. The latest transaction extends that momentum.

With nearly 20% of its ETH holdings now staked, Bitmine stands to benefit meaningfully from Ethereum’s current staking yield of around 2.8%. At that rate, the firm could generate annual staking income worth tens of millions of dollars if deployments continue at the current pace.

Ethereum treasury strategy takes shape

Bitmine now controls more than 4.07 million ETH, valued at roughly $12.8 billion, which represents about 3.4% of Ethereum’s total supply. That makes Bitmine the largest known corporate holder of ETH and places it second among digital asset treasury firms overall, behind only Strategy in terms of crypto exposure.

Across the broader market, about 68 ETH reserve companies collectively hold an estimated 6.81 million ETH, or roughly 5.6% of total supply. Bitmine alone accounts for a significant share of that figure, surpassing other ETH-focused treasuries such as SharpLink Gaming.

With the supervision of Tom Lee, Bitmine is changing its identity as a company. It is changing its ideology from immersion cooling to mass accumulation of digital assets. It holds Ether every week, which is a clear indication that Ethereum is the primary asset in its portfolio.

Validators, market impact, and next steps

The growing staking network is also in line with Bitmine’s intent to establish its Made in America Validator Network (MAVAN), an Ethereum validator solution in the United States, scheduled to be launched in 2026. High-stakes deposits by institutional participants, including Bitmine, are already causing congestion in the Ethereum validator network queue activation.

Still, market reactions to this level of concentration have not been consistent. While some support this commitment to staking because it is an indication of vested interests in Ethereum’s security model.  There is caution about becoming too centralized because of growing corporate validator concentration.

Bitmine will answer all these questions at its upcoming shareholders’ meeting, slated to take place on Jan. 15 in Las Vegas, where Lee is expected to provide additional information about staking expansion and timelines for validator deployment.

“As Bitmine scales up its ETH exposure, it not only drives staking market dynamics but also shapes institutional views of Ethereum’s suitability for treasury management,” he added.

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