Bitmine is continuing to grow its role in Ethereum staking as part of a bigger shift in how it manages its treasury.
According to on-chain data shared on January 8, Bitmine staked another 19,200 ETH, worth about $60 million. That move pushed its total staked Ethereum to around 827,000 ETH, now valued at roughly $2.6 billion.
This staking push has been building fast. Bitmine first started staking Ethereum in late December with about 75,000 ETH. Since then, the company has kept adding more—over 80,000 ETH in early January, followed by a much larger stake of 186,000 ETH just days later.
With the latest deposit, nearly one out of every five ETH Bitmine owns is now staked. At today’s staking yield of around 2.8%, that could bring in tens of millions of dollars each year if the company keeps going at this pace.
Bitmine now controls more than 4 million ETH, worth close to $13 billion. That’s about 3.4% of all Ethereum in circulation, making it the largest known corporate holder of ETH and second only to Strategy among crypto treasury companies.
Across the wider market, around 68 companies together hold just over 6.8 million ETH. Bitmine alone makes up a large share of that total, showing how aggressive its Ethereum strategy has become.
Under the leadership of Tom Lee, the company has clearly shifted focus. What started as a business around immersion cooling has turned into a full-scale bet on Ethereum. Regular ETH purchases and growing staking activity now sit at the center of Bitmine’s balance sheet.
Looking ahead, Bitmine plans to launch its “Made-in-America Validator Network”, which will run Ethereum validators inside the United States. The rollout is expected in 2026, though heavy institutional staking has already slowed validator entry at times.
Some analysts are watching closely. As more Ethereum staking becomes concentrated in large corporate players, concerns about centralization are growing. Still, Bitmine shows no signs of slowing down.
The company’s next shareholder meeting is set for January 15 in Las Vegas, where more details are expected about its staking strategy, validator plans, and long-term vision for Ethereum.
