BitMine Immersion Technologies (BMNR) has recently achieved a significant milestone by surpassing 1 million staked Ether (ETH). The company staked an additional 86,400 ETH on Saturday, valued at approximately $268.7 million, as reported by Arkham Intelligence. This latest addition brings BitMine”s total staked ETH to 1,080,512, according to on-chain analysis platform Lookonchain.
Staking involves locking up cryptocurrencies by validators or third-party staking service providers to secure proof-of-stake blockchain networks. This process offers yield for both validators and investors who participate through third-party providers, receiving their rewards in the native tokens of the networks they help secure.
Market analyst Nic Puckrin noted that BitMine has now staked approximately $3.3 billion worth of ETH. With a current yield of 2.81%, this investment could generate around $94.4 million annually in ETH. Puckrin raised a pertinent question regarding the implications of holding stakeable assets in the event of another crypto winter, particularly considering the volatility many crypto treasury companies have faced over the past year, with some losing over 90% of their value from all-time highs.
Despite the recent achievement, BitMine”s stock has experienced a significant decline, dropping over 80% from an all-time high of $161 per share in July 2025. At the time of this writing, the shares are trading at $30.06.
In a related development, BitMine Chairman Tom Lee urged shareholders in early January 2026 to support a proposal for a 1000x increase in the authorized shares limit. This proposal aims to raise the number of shares BitMine can issue from 50 million to 50 billion, allowing for potential stock splits to maintain a favorable price-per-share around $25.
This milestone and the ongoing strategies reflect the company”s efforts to navigate the challenging landscape of the crypto market while enhancing its position in the staking arena.
