Bitmine is intensifying its strategy in the Ethereum staking arena, having recently staked more than $2.6 billion worth of ETH, following a substantial deposit of $60.8 million. This latest move brings Bitmine”s total holdings to over 4 million ETH, making it the largest known corporate holder of Ethereum.
On January 8, analytics platform Onchain Lens reported that Bitmine staked an additional 19,200 ETH, valued at approximately $60.85 million. This marks a continuation of a rapid accumulation trend that began late last year. The firm first entered the Ethereum staking space on December 27, 2025, with an initial deposit of 74,880 ETH.
Since then, their staking activities have escalated significantly, including an addition of 82,560 ETH in early January and a notable deposit of 186,336 ETH on January 6. The latest staking moves mean that nearly 20% of Bitmine”s ETH holdings are now actively generating staking yields. At the current staking yield of around 2.8%, Bitmine could potentially earn tens of millions of dollars annually if the pace of staking continues.
With a total control of approximately 4.07 million ETH, valued around $12.8 billion, Bitmine”s holdings represent roughly 3.4% of Ethereum”s circulating supply. This positions the firm as a dominant player in the corporate Ethereum landscape, second only to Strategy in overall digital asset treasury holdings, which primarily consist of Bitcoin.
In the wider context, institutional ETH holders collectively possess about 6.81 million ETH, highlighting Bitmine”s significant share of this market. Looking ahead, Bitmine plans to launch its “Made-in-America Validator Network” (MAVAN), which aims to operate Ethereum validators based in the United States. Although this initiative was slated for rollout in Q1 2026, congestion in Ethereum”s validator entry queue, driven by large institutional staking flows, has raised questions about the timeline.
The upcoming shareholder meeting on January 15 in Las Vegas is anticipated to shed more light on Bitmine”s staking expansion, validator rollout, and long-term strategy regarding Ethereum.
