BitMine Staked Additional 86,400 ETH, Surpassing 1 Million Staked Milestone
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Staking Milestone: BitMine staked an additional 86,400 Ether (ETH) on Saturday, valued at approximately $268.7 million, bringing its total staked ETH to 1,080,512, marking a significant achievement in the cryptocurrency market.
- Annual Yield Projection: With a total staked ETH value of about $3.3 billion, BitMine is expected to generate approximately $94.4 million annually at the current yield of 2.81%, enhancing the company's cash flow stability amid market volatility.
- Stock Price Impact: Despite BitMine's stock price plummeting over 80% from its all-time high of $161 in July 2025 to $30.06 currently, its staking strategy may provide a financial buffer to navigate potential market downturns.
- Shareholder Proposal Implications: BitMine's chairman proposed increasing the authorized share limit from 50 million to 50 billion, which, while not immediately leading to new share issuance, aims to facilitate future stock splits to maintain an affordable share price around $25, ensuring stock accessibility for investors.
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.
