Bitmine Stakes Additional 109,504 ETH, Total Reaches 908,192 ETH Worth $2.95B
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Staking Expansion: Bitmine has staked an additional 109,504 ETH valued at approximately $344.44 million, bringing its total staked Ethereum to 908,192 ETH worth around $2.95 billion, demonstrating strong confidence in Ethereum's long-term value.
- Deepening Institutional Involvement: This latest staking round not only reaffirms the trend of Ethereum staking but also sets a new benchmark for institutional participation in Ethereum's ecosystem, potentially encouraging other major players to follow suit.
- Enhanced Yield Security: By staking such a massive amount of ETH, Bitmine secures consistent staking rewards while strengthening its influence in Ethereum's consensus mechanism, further solidifying its market position.
- Significant Market Impact: Large-scale staking like this can reduce the circulating supply of ETH, potentially contributing to price stability or upward momentum, with Bitmine's commitment showcasing trust in Ethereum's future and highlighting the growing institutional presence in the staking ecosystem.
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.
