Bitmine Deepens Ethereum Staking Push as Treasury Strategy Accelerates

Source: DefiPlanet Original Title: Bitmine Deepens Ethereum Staking Push as Treasury Strategy Accelerates Original Link:

Quick Breakdown

• Bitmine has staked over $2.6 billion worth of ETH following a $60.8 million deposit
• The firm now holds more than 4 million ETH, making it the largest known corporate ETH holder
• Upcoming U.S.-based validator plans could further shape Ethereum’s staking landscape

Bitmine is ramping up its Ethereum-focused treasury strategy, adding tens of millions of dollars in new staking deposits as it cements its position as one of the largest ETH holders globally.

On-chain data shared by analytics platform Onchain Lens on January 8 shows the firm staked an additional 19,200 ETH, valued at roughly $60.8 million, continuing a rapid accumulation streak that began late last year.

ETH staking surpasses $2.6B as deposits scale rapidly

The latest transaction brings Bitmine’s total staked Ethereum balance to approximately 827,000 ETH, worth about $2.62 billion at current market prices.

Bitmine first entered Ethereum staking on December 27 with an initial deposit of 74,880 ETH. Since then, staking activity has accelerated, including an 82,560 ETH addition in early January and a sizable 186,336 ETH deposit on January 6. With the newest stake, close to 20% of the company’s ETH holdings are now actively generating yield.

At Ethereum’s current staking yield of around 2.8%, Bitmine could be positioned to earn tens of millions of dollars annually if staking continues at this pace.

Ethereum becomes a core asset as validator plans advance

Bitmine now controls more than 4.07 million ETH, valued at approximately $12.8 billion, about 3.4% of Ethereum’s total circulating supply. This makes it the largest known corporate holder of ETH and places it second overall among digital asset treasury firms.

Across the broader market, ETH reserve companies collectively hold about 6.81 million ETH, meaning Bitmine alone accounts for a significant share of institutional Ethereum ownership.

Looking ahead, Bitmine is preparing to launch its “Made-in-America Validator Network” (MAVAN), which will operate Ethereum validators within the U.S. Although the rollout was initially guided for Q1 2026, Ethereum’s validator entry queue has already experienced congestion, partly attributed to large institutional staking flows.

Bitmine’s next shareholder meeting, scheduled for January 15 in Las Vegas, is expected to provide further clarity on its staking expansion, validator rollout, and long-term Ethereum strategy.