BitMine Deepens Ethereum Bet as Staked Holdings Exceed $2.6B
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Ethereum Accumulation: In early January, BitMine added over 72,000 ETH worth $227 million through multiple transactions, raising its staked Ethereum balance to over 827,000 ETH valued at approximately $2.62 billion, reinforcing its strategy focused on long-term staking yield.
- Strategic Shift: The company plans to launch its proprietary Made in America Validator Network (MAVAN) scheduled for early 2026, designed to provide institutional-grade security while capturing staking yield internally, thereby enhancing its engagement in the Ethereum ecosystem.
- Revenue Potential: Once fully staked, BitMine estimates annual staking revenue could reach $374 million, equating to over $1 million per day in protocol-level rewards, showcasing its long-term profitability within the Ethereum economy.
- Market Positioning: BitMine currently holds approximately 4.14 million ETH, representing about 3.4% of Ethereum's total supply, with management explicitly aiming for 5%, positioning the company as a structural participant in Ethereum's proof-of-stake economy rather than merely a treasury holder.
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.
