BitMine Stakes Additional 86,400 ETH, Reinforcing $266 Million Long-Term Strategy
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Staking Scale Expansion: BitMine staked an additional 86,400 ETH in a single transaction valued at approximately $266 million, lifting its total staked balance to over 1.08 million ETH, worth around $3.3 billion, thereby solidifying its influence in Ethereum's validator economy.
- Long-Term Commitment Signal: This staking action signifies a strategic shift from mere asset accumulation to a yield-driven approach, reflecting strong confidence in the Ethereum network and expected future network rewards.
- Market Supply-Demand Impact: With nearly 30% of Ethereum's total supply now staked, BitMine's strategy is reshaping market dynamics by reducing the tradable float, thereby amplifying the impact of demand shifts on prices.
- Infrastructure Development: BitMine is developing its own validator framework to support in-house staking operations, enabling large-scale staking without reliance on third-party operators, which further enhances its market position.
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.






