BitMine Acquires $105M in Ethereum, Projected Annual Staking Revenue of $374M
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Increased Ethereum Holdings: BitMine added 32,977 ETH in the past week, bringing its total to 4.1435 million ETH, which represents 3.43% of the circulating Ethereum supply, making it the largest institutional holder and attracting significant investor attention.
- Projected Annual Revenue: The company anticipates generating $374 million annually from its MAVAN staking system, which not only enhances its financial stability but also strengthens its market position within the Ethereum ecosystem.
- Substantial Cash Reserves: BitMine's cash reserves total $9.15 billion, earmarked for further Ethereum acquisitions, positioning the company favorably for future market competition.
- Impact on Staking Market: BitMine's staking activities have led to congestion in the Ethereum validator queue, with approximately 977,000 ETH currently in the queue, resulting in an activation delay of about 17 days for new validators, which will affect liquidity and validator economics across the Ethereum network.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
