One of the most aggressive examples is coming from BitMine Immersion, the firm chaired by Tom Lee, which has continued to deepen its exposure to Ethereum by locking up massive amounts of ETH into staking.

Instead of spreading capital across multiple chains or chasing shorter-term rotations, BitMine is doubling down on Ethereum as a yield-generating core asset. Recent on-chain activity shows the company staking nearly 119,000 ETH in a single move, pushing its total staked balance above 460,000 ETH. At current prices, that positions BitMine with well over a billion dollars committed to Ethereum’s validator economy.

A balance-sheet shift toward yield

What stands out is not just the size of the stake, but the strategy behind it. BitMine is increasingly treating Ethereum less like a speculative token and more like productive infrastructure. By staking, the firm converts its ETH holdings into a recurring yield stream while simultaneously reinforcing network security.

The buildup has not been abrupt. Over recent weeks, ETH has been routed into new wallets believed to be linked to BitMine, with prime brokerage firms such as FalconX facilitating large transfers. Alongside staking, the company has continued outright accumulation, including hundreds of millions of dollars’ worth of ETH purchases, signaling long-term conviction rather than opportunistic positioning.

Ethereum pulls capital away from rivals

BitMine’s actions align closely with broader market flows. According to data from Artemis, Ethereum currently leads all blockchains in net capital inflows for 2025. While networks like Hyperliquid, Sonic, and Solana have attracted bursts of interest, most alternative chains are seeing capital leak out over time.

This concentration of liquidity reinforces Ethereum’s status as the institutional default. Deep markets, predictable staking rewards, and mature infrastructure continue to outweigh the appeal of newer, faster-moving ecosystems for large allocators.

Institutions reinforce Ethereum’s moat

Beyond corporate treasuries, Ethereum’s inflow advantage is being strengthened by financial products aimed squarely at institutions. The launch of a staked Ethereum ETF by BlackRock is one of the clearest signals yet that ETH is being positioned as both a yield and exposure asset within traditional portfolios.

These products, combined with large-scale corporate staking, create a feedback loop: more locked ETH tightens liquid supply, staking yields remain attractive, and institutional confidence grows further.

A signal, not an outlier

Seen in isolation, BitMine’s latest staking move is eye-catching. Viewed in context, it looks more like confirmation of a larger trend. Ethereum is increasingly being treated as the settlement and yield layer of crypto, not just another smart contract chain.

As capital continues to consolidate around networks with proven liquidity and infrastructure, Ethereum’s lead in inflows – and the willingness of firms like BitMine to lock up billions for the long term – suggests that institutional accumulation is still very much in motion, even as market narratives continue to rotate elsewhere.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Filed under: Bitcoin - @ January 1, 2026 6:00 am