BitMine Surpasses 1 Million ETH Staked, Valued at $3.3 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Staking Milestone: BitMine Immersion Technologies has successfully staked over 1 million ETH, totaling 1,080,512 ETH, valued at approximately $3.3 billion, demonstrating its ongoing commitment to Ethereum staking and liquidity expansion.
- Annual Yield Expectations: According to market analysts, BitMine's staked ETH is expected to generate about $94.4 million annually based on an average yield of 2.81%, providing the company with a stable source of passive income.
- Market Environment Challenges: Despite significant progress in staking, BitMine's stock price has declined over 80% since its peak in July 2025, reflecting ongoing volatility in the crypto market and valuation pressures faced by the company.
- Shareholder Proposal for Flexibility: BitMine's Chairman proposed increasing the authorized shares from 50 million to 50 billion to facilitate future stock splits, maintaining a share price around $25, thereby providing flexibility for strategic growth.
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.
