Bitmine Expands Ethereum Staking to $60M, Plans Validator Network Launch in 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Staking Expansion: Bitmine recently staked an additional 19,200 ETH worth approximately $60.85 million, raising its total staked ETH to 827,008 ETH, valued at around $2.62 billion, thereby reinforcing its leadership position in the Ethereum market.
- Corporate Asset Strategy: The firm now controls over 4.07 million ETH, valued at roughly $12.8 billion, representing about 3.4% of Ethereum's total supply, making it the largest known corporate holder of ETH and showcasing its significant influence in the digital asset space.
- Future Plans: Bitmine is preparing to launch its Made-in-America Validator Network (MAVAN) in 2026; however, earlier guidance indicated a Q1 2026 rollout, and the validator entry queue has already experienced congestion due to large institutional deposits, indicating strong market demand.
- Market Reaction: As more ETH flows into a small number of corporate-controlled validators, concerns about centralization have increased among analysts, and Bitmine's upcoming shareholder meeting on January 15 in Las Vegas is expected to outline further details on its staking plans and overall Ethereum positioning.
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.
