Ethereum giant Bitmine stakes $219M in ETH as treasury tops 4M tokens
The post Ethereum giant Bitmine stakes $219M in ETH as treasury tops 4M tokens appeared on BitcoinEthereumNews.com.
Bitmine, an Ethereum treasury company, has initiated Ethereum staking, allocating approximately $219 million of its ETH holdings to the network’s proof-of-stake (PoS) system. According to Arkham, various Bitmine-linked wallets paid a large amount of Ether into a contract known as “BatchDeposit” on Sunday, approximately 74,880 ETH. Before this, though, the company had never staked its holdings, despite owning one of the largest ETH treasuries in the market. It recently reached a 4 million token count, having purchased close to 100,000 ETH in the past week at an average cost of $2,991 per token, bringing its holdings back into profit as ETH moved above $3,000 over the weekend. Bitmine intends to hold 5% of Ethereum’s total supply On-chain analyst EmberCN commented on Bitmine’s staking, saying, “The largest Ethereum treasury company BitMNR (BMNR) has finally started attempting to stake its held ETH to earn interest income. […] This is their first time staking, and they now hold 4.066 million ETH, with an approximate APY of 3.12%. If all of it were staked, they could earn about 126,800 ETH in interest over a year, which at the current price of $2,927 would be worth $371 million.” Since June, the firm has been performing exceptionally well, with shares surging 606%, as investors back the company’s concentrated exposure to Ethereum’s long-term value. The firm’s chairman, Tom Lee, affirmed their success, noting that the firm is consistently increasing its Ethereum exposure, reaching 4 million tokens just five and a half months after rolling out the plan. The company still plans to hold 5% of all Ether in circulation. Currently, it holds about 3.37% of Ethereum’s total supply. Even in November, the company announced that it would start Ether staking in Q1 2026 on its own Made-in-America Validator Network, beginning with an initial pilot effort involving three…
Filed under: News - @ December 28, 2025 6:09 am