TLDR
- Bitmine now holds 2.33 million ETH in staking contracts, valued at about $7 billion
- The 113,280 ETH staked equals $340.68M and marks Bitmine’s largest move this quarter
- Bitmine controls 4.2 million ETH, around 3.5% of Ethereum’s total supply
- 55% of Bitmine’s ETH is staked, removing liquidity and strengthening network security
Bitmine, chaired by Fundstrat’s Tom Lee, has staked an extra 113,280 ETH valued at around $340.68 million. This brings its total stake in Ethereum to 2.33 million ETH, now worth approximately $7 billion. The new stake accounts for 55% of the company’s Ethereum reserves, according to Arkham Intelligence and Onchain Lens.
Bitmine Expands Its Ethereum Staking Strategy
The 113,280 ETH was deposited in a single transaction and is Bitmine’s largest staking activity in the current quarter. The company now has 2,332,051 ETH actively securing the Ethereum network. Bitmine holds 4.2 million ETH in total, representing about 3.5% of the cryptocurrency’s total supply.
Tom Lee(@fundstrat)'s #Bitmine staked another 113,280 $ETH($340.68M) an hour ago.
In total, #Bitmine has now staked 2,332,051 $ETH($7B), 55% of its total holdings.https://t.co/P684j5YQaG pic.twitter.com/Q4VDKaxmFp
— Lookonchain (@lookonchain) January 28, 2026
Analysts tracking validator operations noted that Bitmine often acts during stable price periods. The ETH used in this transaction was moved from multiple internal addresses into a staking contract. This is a standard method for executing large-scale batch operations securely and efficiently.
Position as Leading Ethereum Holder and Validator Launch Plans
Bitmine is now the largest Ethereum treasury holder and ranks second among corporate crypto treasuries globally. The firm’s total crypto portfolio is valued at $12.8 billion, which includes 193 BTC and $682 million in fiat or stablecoin reserves.
Founded in 1995 and originally a Bitcoin mining company, Bitmine changed focus in late 2025 to Ethereum treasury management. With support from investors such as Kraken, ARK Invest, and Pantera Capital, the company has scaled its on-chain presence rapidly.
The firm plans to launch a U.S.-based validator network, MAVAN, in Q1 2026. According to internal projections, MAVAN could generate $374 million in yearly staking revenue. This network will handle part of the firm’s staked ETH through distributed validator nodes.
Direct Staking and Market Supply Effects
Bitmine stakes ETH directly instead of using liquid staking platforms. This method gives it greater operational control and full access to protocol-level staking rewards. However, this approach also means the ETH remains locked and is not available for immediate trade or sale.
Blockchain analysis platforms reported a reduction in ETH supply on major exchanges after the transaction. This is consistent with past behavior, where large staking deposits reduce the amount of ETH available for market trading.
To ensure security, Bitmine’s validator systems are designed with backup systems and monitoring tools. This helps reduce the risk of slashing, a penalty enforced when validators act against network rules or go offline during block confirmation.
Institutional Staking Growth and Market Reactions
Since Ethereum moved to a proof-of-stake consensus in 2022, more institutions have adopted direct staking. Data shows that Bitmine now outpaces other major players. One leading exchange manages about 1.8 million ETH, while a public tech company holds around 450,000 ETH.
Market observers noted increased investor attention after the transaction. Social analytics platforms recorded higher activity around the BMNR token, which is linked to Bitmine’s crypto and staking operations.
As of now, over 2.3 million ETH is locked by Bitmine, reducing Ethereum’s liquid supply. This also increases network resilience and economic security, as larger stakes raise the cost of malicious activity. Bitmine is expected to distribute its holdings across thousands of validators to maintain decentralization.
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