Bitmine has made headlines with its latest move, adding another substantial 113,280 ETH to its staking reserves, a transaction valued at approximately $340.68 million. This impressive increment boosts Bitmine’s total Ethereum stake to 2.33 million ETH, representing around $7 billion. The recent deposit makes up 55% of Bitmine’s entire Ethereum holdings, which now totals 4.2 million ETH, equating to roughly 3.5% of Ethereum’s total supply.
This latest staking event, executed in a single transaction, marks Bitmine’s largest activity in the current quarter. With an impressive 2,332,051 ETH now actively contributing to the security of the Ethereum network, Bitmine continues to reinforce its significant role in the ecosystem. Analysts note that Bitmine typically takes action during stable price periods, indicating a strategic approach to their operations.
The ETH for this transaction was transferred from various internal wallets to a staking contract—an effective method for conducting large-scale batch operations securely. By staking directly, Bitmine retains greater control over its operations and ensures full access to protocol-level staking rewards, although this also means the ETH remains illiquid and locked away from immediate trading.
With this transaction, Bitmine is not only solidifying its status as the largest holder of Ethereum treasury but also ranks as the second among corporate crypto treasuries worldwide. The firm’s overall portfolio now boasts a staggering value of $12.8 billion, including 193 BTC and $682 million in reserves held in fiat or stablecoins.
Founded in 1995 with a focus initially on Bitcoin mining, Bitmine shifted its strategy towards Ethereum treasury management in late 2025, bolstered by significant backing from major investors including Kraken, ARK Invest, and Pantera Capital. As part of its expansion plans, Bitmine intends to launch a U.S.-based validator network named MAVAN in the first quarter of 2026. Internal forecasts suggest MAVAN could potentially generate an astounding $374 million in annual staking revenue.
Bitmine’s strategies contribute to a significant reduction in ETH liquidity on the market—a trend observed to follow major staking transactions. Blockchain analysis tools highlighted a drop in ETH supply on major exchanges after the recent stake, which is consistent with Bitmine’s historical patterns where large staking deposits have led to diminished available supply for trading.
Moreover, the company has designed its validator systems with robust backup mechanisms and monitoring tools to minimize risks associated with penalties for validators who fail to comply with network protocols. Following Ethereum’s transition to proof-of-stake in 2022, institutions have increasingly engaged in direct staking, with Bitmine now outpacing numerous competitors. One leading exchange manages approximately 1.8 million ETH, while a notable tech company holds around 450,000 ETH.
Market reactions following the latest staking event have been notably positive, with increased activity surrounding the BMNR token linked to Bitmine’s operations. As of now, more than 2.3 million ETH is locked by Bitmine, contributing to better network resilience and economic security, due to the higher staking amounts making malicious actions more costly. Looking ahead, Bitmine plans to distribute its staked holdings across thousands of validators, aiming to maintain decentralization while fortifying its market position.
