Bitmine Stakes $60M More in Ethereum,Total ETH Staked Reaches $2.62B

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This article was first published on The Bit Journal. Bitmine is accelerating its Ethereum staking strategy as it continues to reshape its corporate treasury around ETH, signaling a long-term commitment to yield generation and digital asset accumulation.

The most recent advancement was noted in a Jan. 8 post on X by an on-chain analytics site, on-chain Lens, which monitored the most recent Ethereum staking transaction by Bitmine. The data states that the company has added 19,200 ETH, which are worth about 60.85 million, and this has increased the total amount in its staked stock to about 827,008 ETH. At the current market price, those staked assets are worth about 2.62 billion dollars.

Bitmine (@BitMNR) has further staked 19,200 $ETH, worth $60.85M

In total, they have staked 827,008 $ETH, valued at $2.62Bhttps://t.co/1vbYSuGDkR pic.twitter.com/PIDeASeDuJ

— Onchain Lens (@OnchainLens) January 8, 2026

Bitmine Accelerates Ethereum Staking Expansion

The action is a continuation of an aggressive Ethereum staking campaign, which had started in the end of December. Bitmine entered the staking ecosystem initially on Dec. 27 and deposited 74,880 ETH. The company has since grown its exposure steadily, with 82,560 ETH added in early January and a much larger 186,336 ETH added on Jan. 6.

Under the new distribution, the entire Ethereum staked by Bitmine is now almost one-fifth of all Bitmine Ethereum holdings, as a manifestation of an increase in an interest in passive returns. The current yield of Ethereum staking is around 2.8 percent, which might turn into tens of millions of dollars of annual revenue in case the company maintains its expansion of staking presence.

Bitmine Becomes Largest Corporate Ethereum Holder

In addition to staking activity, Bitemine has become among the largest Ethereum holders in the world. The company currently owns over 4.07 million ETH, with a value of up to 12.8 billion, or about 3.4 percent of the total Ethereum supply. This makes Bitmine the largest known company to own ETH, and second overall among digital asset treasury companies, second only to the Bitcoin holdings of Strategy.

In the larger market 68 ETH reserve companies have a total of 6.81 million ETH, or about 21.4 billion or 5.6 percent of the total supply. In comparison to other Ethereum-oriented treasuries, like SharpLink Gaming, the proportion of institutional Ethereum staking and reserves is significant in Bitmine alone.

Bitmine Advances US-Based Ethereum Validator Plans

The company has, under the leadership of Tom Lee, shifted its focus from the previous immersion cooling business to large-scale accumulation of digital assets. The purchase of ETH weekly and the continued Ethereum staking activities has entrenched Ethereum as the core of the balance sheet strategy of Bitmine.

Bitmine also plans to roll out its Made-in-America Validator Network (MAVAN), the project that will run Ethereum validators in the US. Although previous advice suggested a rollout in the first quarter of 2026, the large institutional deposits, such as those of Bitmine, have led to congestion in the validator entry queue of Ethereum, casting some doubt on the timelines of onboarding.

Corporate Ethereum Staking Sparks Centralization Debate

The power of Ethereum staking held by few corporate-controlled validators has drawn mixed responses within the crypto community. There have been concerns by some analysts that there is a risk of centralization as more and more ETH gets tied up in large institutional hands.

Bitmine should address them and detail its further actions at its next shareholders meeting in Las Vegas, which will take place on Jan. 15. In the meeting, Lee will be expected to give additional information on the company Ethereum staking plans, rollout plan of the validators, and overall vision of the Ethereum contribution to the long-term treasury of Bitmine.

Conclusion

As Bitmine accelerates its Ethereum-focused strategy, the company’s expanding staking footprint and planned validator rollout are positioning it as a key institutional force in the network. The shareholder meeting on Jan. 15 should provide a better perspective of the way Bitmine will strike a balance between growth, yield, and concerns with decentralization in the future.

Summary

Bitmine added 19,200 ETH to staking, raising its total staked balance to about 827,008 ETH worth $2.62 billion.
Nearly 20% of its ETH is now staked, following a rapid staking expansion that began in late December.
The company has 4.07 million ETH worth approximately 12.8 billion, and it is the largest company holding ETH.
Bitmine plans a U.S.-based validator network, as rising institutional staking sparks centralization concerns.

Glossary Of Key Terms

Bitmine: Crypto company focusing on Ethereum accumulation and staking.
Ethereum Staking: Locking ETH to secure the network and earn rewards.
Validator: Node that processes Ethereum transactions and earns staking rewards.
MAVAN: Bitmine’s U.S.-based Ethereum validator network.
Institutional Staking: Staking done by large companies or organizations.
Centralization Concerns: Risks from too much ETH controlled by few entities.