BitMine Transfers $266M ETH Today, Continues Large-Scale Staking
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Massive Staking: BitMine has staked $3.3 billion in Ethereum over the past three weeks, with a single-day transfer of $266.3 million to the BatchDeposit contract today, demonstrating confidence in Ethereum's long-term growth potential.
- Market Dynamics: Analyst Ted highlights that recent Ethereum outflows from BitMine-linked wallets indicate strategic allocation rather than market exits, with four major transfers totaling over 86,000 ETH, reinforcing their network participation.
- Asset Holdings: As of December 29, BitMine holds 4.11 million Ethereum and 192 Bitcoins, with total assets nearing $13.2 billion, including over $1 billion in cash, ensuring liquidity amid market fluctuations.
- Future Outlook: Chairman Tom Lee projects Ethereum could reach $7,000 to $9,000 by early 2026, with a long-term potential of $20,000, reflecting the company's optimistic view on Ethereum's expansion into tokenization and payment adoption.
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.
