Bitmine Stakes 461,504 Ethereum Worth Nearly $1.4 Billion Amid MAVAN Push

TLDR

Bitmine has staked 461,504 ETH, now worth around $1.4 billion
A new wallet added 32,938 ETH linked to Bitmine via FalconX
Bitmine aims to earn $374M yearly via staking and MAVAN network
Bitmine controls over 3.4% of Ethereum’s total supply

Bitmine Immersion Technologies has increased its staked Ethereum (ETH) holdings to 461,504 ETH, now valued at nearly $1.4 billion. This move follows the company’s recent treasury disclosure and a series of large ETH transactions pointing to continued accumulation and staking activity as part of its long-term strategy.

Bitmine Staking Reaches 461,504 ETH Worth Nearly $1.4 Billion

Bitmine Immersion Technologies has staked a total of 461,504 ETH, according to on-chain data tracked by Onchain Lens. This amount is currently valued at approximately $1.37 billion based on ETH’s market price near $2,980. The company confirmed its holdings after earlier reporting 408,627 ETH staked as of December 28.

The increase in staked assets includes a recent addition of 118,944 ETH, which aligns with Bitmine’s strategy to generate steady on-chain yield through staking rewards.

This move indicates a shift from holding ETH passively to using the assets to earn ongoing returns. Bitmine’s treasury holds over 4.11 million ETH, representing about 3.41% of the total Ethereum supply.

New Wallets and Accumulation Continue

Blockchain observers have tracked a new wallet that recently received 32,938 ETH worth about $97.8 million. The funds were transferred from FalconX, a major institutional prime broker.

Though the wallet is not officially identified, it shares signature patterns from Bitmine’s prior acquisition activities.

This activity follows Bitmine’s recent buying spree, including $130 million in ETH purchases. The pace of accumulation suggests the company is working toward its long-term target to control around 5% of the Ethereum network’s supply. Bitmine has increased its ETH holdings by over 44,000 tokens in recent days.

Validator Network and Yield Plans

Bitmine is preparing to roll out its Made in America Validator Network (MAVAN) in early 2026. The company is working with three external staking providers to support the MAVAN launch. This network is expected to enhance its staking returns while supporting Ethereum’s infrastructure.

According to Bitmine, full deployment of its ETH treasury through MAVAN and partner validators could generate annual rewards of around $374 million.

The initiative is being positioned as a secure validator framework tailored for institutional-scale staking. Bitmine refers to this strategy as its “Alchemy of 5%” approach, aimed at increasing its influence in Ethereum’s staking ecosystem.

Ethereum Maintains Capital Dominance in 2025

2025 data from Artemis shows Ethereum continues to lead in Net Capital Inflows with more than $4.2 billion in positive flows. Competing networks such as Solana and Hyperliquid showed strength in user activity and perpetual trading, but Ethereum remained the preferred platform for major allocations due to its liquidity and Layer 2 compatibility.

Ethereum’s continued strength is supported by transaction volume and user activity. Crypto analyst @scottmelker commented on X: “ETH sets a new L1 record with 2.2 MILLION transactions in a single day.”

This performance supports Bitmine’s conviction in Ethereum as a long-term treasury asset. While ETH’s price hovered near $2,980 and Bitmine’s stock traded slightly lower at $27.15, the company continued to advance its strategy.

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