Bitmine Boosts ETH Staking by 86,400 ETH, Totaling 1,080,512 ETH
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 13 2026- Significant Accumulation: Bitmine's recent addition of 86,400 ETH brings its total Ethereum stake to 1,080,512 ETH, valued at approximately $3.33 billion, indicating sustained institutional interest and confidence in Ethereum's future.
- Supply Impact: With over 1 million ETH staked, a notable portion of circulating supply is removed from the market, suggesting that this strategic accumulation could influence Ethereum's market structure and liquidity, enhancing its security.
- Price Stability Analysis: Ethereum is currently consolidating around the $3,100 mark, having found support between $2,800 and $2,750 after a decline from the $4,800 to $4,600 highs, indicating strong buying demand in the market.
- Institutional Signals Strengthened: Bitmine's ongoing staking activity reinforces confidence in Ethereum's long-term value, and a breakout above the $3,350 resistance level could trigger additional buying pressure, while failure to hold support may lead to liquidity sweeps into the $2,950 to $2,800 range.
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.
