Ethereum

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<p>Bitmine appears to be expanding its Ethereum staking footprint as part of its evolving treasury strategy.</p>
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  <span>Summary</span>
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   <li>Bitmine staked 19,200 ETH worth about $60M, lifting total staked ETH to $2.62B.</li>
   <li>The firm now controls over 4 million ETH, the largest known corporate ETH treasury.</li>
   <li>Staking activity supports Bitmine’s planned U.S.-based validator network launch in 2026.</li>
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<p>Bitmine is pressing ahead with its Ethereum-first treasury play as staking activity continues to scale.</p>
<p>The latest data was shared in a Jan. 8 <a href="https://x.com/onchainlens/status/2009071418151956890?s=46&amp;t=nznXkss3debX8JIhNzHmzw" target="_blank" rel="noopener noreferrer nofollow">post</a> on X by on-chain analytics platform Onchain Lens, which tracked Bitmine’s most recent Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) staking transaction.</p>
<h2 class="wp-block-heading" id="staking-total-climbs-past-2-6-billion">Staking total climbs past $2.6 billion</h2>
<p>According to the data, Bitmine staked an additional 19,200 ETH worth about $60.85 million, bringing its total staked balance to roughly 827,008 ETH. At current prices, that stack is valued at around $2.62 billion.</p>
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   <p>Bitmine (<a href="https://twitter.com/BitMNR?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@BitMNR</a>) has further staked 19,200 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>, worth $60.85M<br><br>In total, they have staked 827,008 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>, valued at $2.62B<a rel="noopener noreferrer nofollow" href="https://t.co/1vbYSuGDkR">https://t.co/1vbYSuGDkR</a> <a rel="noopener noreferrer nofollow" href="https://t.co/PIDeASeDuJ">pic.twitter.com/PIDeASeDuJ</a></p>— Onchain Lens (@OnchainLens) <a href="https://twitter.com/OnchainLens/status/2009071418151956890?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 8, 2026</a>
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<p>You might also like: <a href="https://crypto.news/vitalik-buterin-ethereum-latest-upgrades-rewriting/" rel="noopener noreferrer nofollow"> Vitalik Buterin says Ethereum’s latest upgrades are rewriting the blockchain rulebook </a></p>
<p>The move extends a rapid staking push that <a href="https://crypto.news/bitmine-begins-staking-ethereum-deposits-219m/" target="_blank" rel="noopener noreferrer nofollow">began</a> in late December. Bitmine first entered Ethereum staking on Dec. 27, with 74,880 ETH. Since then, deposits have grown steadily, including 82,560 ETH added in early January and a much larger 186,336 ETH stake on Jan. 6.</p>
<p>With the latest addition, nearly one-fifth of the firm’s ETH holdings are now actively staked. Ethereum’s current staking yield sits near 2.8%, implying annual returns that could reach tens of millions of dollars if Bitmine continues deploying capital at this pace.</p>
<h2 class="wp-block-heading" id="ethereum-treasury-strategy-takes-shape">Ethereum treasury strategy takes shape</h2>
<p>Bitmine now <a href="https://www.strategicethreserve.xyz" target="_blank" rel="noopener noreferrer nofollow">holds</a> more than 4.07 million ETH, valued at roughly $12.8 billion, representing about 3.4% of Ethereum’s total supply. That makes it the largest known corporate holder of ETH and places it second overall among digital asset treasury firms, behind only Strategy’s Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) holdings.</p>
<p>Across the market, 68 ETH reserve companies collectively hold about 6.81 million ETH, worth an estimated $21.4 billion, or roughly 5.6% of supply.&nbsp;Compared to other ETH-focused treasuries like SharpLink Gaming, Bitmine alone makes up a significant portion of that total.&nbsp;</p>
<p>Under the direction of Tom Lee, the company’s primary focus has shifted from immersion cooling to large-scale digital asset accumulation. Staking and weekly ETH purchases have persisted, solidifying Ethereum’s position as the focal point of its balance sheet.</p>
<h2 class="wp-block-heading" id="validators-market-impact-and-next-steps">Validators, market impact, and next steps</h2>
<p>The company is getting ready to launch its “Made-in-America Validator Network” (MAVAN), which will run Ethereum validators in the United States. While earlier guidance pointed to a Q1 2026 rollout, the validator entry queue has already seen periods of congestion, partly driven by large institutional deposits like Bitmine’s.</p>
<p>Reactions to the concentration of staking activity have been conflicting. As more ETH flows into a small number of corporate-controlled validators, some analysts have raised concerns about centralization.</p>
<p>Bitmine’s next shareholder meeting is scheduled for Jan. 15 in Las Vegas, where Lee is expected to outline further details on the firm’s staking plans, validator rollout, and broader Ethereum positioning.</p>
<p>Read more: <a href="https://crypto.news/polymarket-intros-trading-fees-us-app-crypto-markets/" rel="noopener noreferrer nofollow"> Polymarket introduces trading fees on US app and crypto markets </a></p>

Bitmine stakes additional $60M in ETH, bringing total to $2.62B

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