Bitmine Stakes 461,504 ETH Worth $1.4B in On-Chain Move

BitMine Immersion Technologies has staked 461,504 Ethereum tokens, valued at approximately $1.4 billion, as of December 31, 2025. The company has continued its aggressive strategy of accumulating and staking Ethereum during the final stretch of 2025. The staking activity reflects a broader institutional shift toward yield generation as a core component of digital asset strategy.

The company has added to its Ethereum holdings by acquiring 32,938 ETH for $97.6 million and staking an additional 118,944 ETH for $352 million in the same period. BitMine’s total Ethereum holdings now exceed 4.11 million ETH, representing more than 3.4% of the circulating supply. This makes it the largest corporate holder of Ethereum and a major force in the network’s validator ecosystem.

BitMine’s chairman, Thomas Lee, attributed the staking activity to year-end tax-loss selling patterns in the U.S. that have driven down crypto prices. The firm has positioned itself as the largest “fresh money” buyer of Ethereum, adding more than 40,000 ETH per week for 10 consecutive weeks. The strategy aligns with the company’s broader goal of staking 5% of the total ETH supply.

Why Did This Happen?

BitMine’s staking activity began on December 27, when the firm deposited 74,880 ETH for staking, valued at $219 million. The move represents a strategic shift from passive asset holding to active yield generation. By staking a significant portion of its Ethereum treasury, BitMine aims to optimize returns for its shareholders while supporting Ethereum’s network security.

The company’s decision to stake Ethereum also reflects the broader institutional confidence in the proof-of-stake model. Ethereum’s staking rate currently stands at approximately 3.12%, allowing BitMine to generate an estimated $371 million in annual staking revenue if its entire treasury is staked according to analysis. This revenue stream represents a stable income source amid the volatile crypto market.

How Did Markets Respond?

Ethereum’s price has remained below key resistance levels, hovering near $2,950 as of late December. Despite the bearish trend, institutional buyers like BitMine have continued to add to their Ethereum positions. The firm’s aggressive accumulation strategy has outpaced competitors and reinforced its role as a major Ethereum treasury operator.

The broader crypto market has also seen continued inflows into Ethereum-based products. Institutional investors have deployed $67.9 million into spot ETH ETFs in recent days, with Grayscale accounting for nearly $64.2 million of that amount according to reports. Ethereum’s dominance in capital inflows has surpassed other major blockchains like Solana and BNB Chain in 2025.

What Are Analysts Watching Next?

Market observers are closely monitoring BitMine’s staking activity and its impact on Ethereum’s supply dynamics. Staking removes a significant amount of ETH from circulating supply, potentially supporting long-term price stability. At the current staking rate, BitMine’s staked ETH could generate more than $1 million in daily yield, reinforcing the company’s financial model.

Analysts are also tracking the proposed California wealth tax, which has sparked debate among crypto leaders. Opponents argue the tax could trigger an exodus of entrepreneurs and capital from the state. The tax’s potential impact on institutional staking and Ethereum’s validator ecosystem remains a key uncertainty for the market.

BitMine’s staking strategy is expected to accelerate with the launch of its Made in America Validator Network (MAVAN) in early 2026 according to company statements. The platform aims to streamline staking operations and increase the firm’s validator capacity. If successful, MAVAN could reshape the Ethereum validator landscape and further solidify BitMine’s position as a leading institutional staker.