BitMine Stakes $1 Billion in Ethereum Over Two Days
The largest publicly traded Ethereum holder deployed 342,560 ETH into staking over 48 hours, testing its institutional validator strategy ahead of a broader deployment.
BitMine Immersion Technologies has executed the largest institutional staking deployment in Ethereum history, moving over $1 billion worth of ETH into validators over 48 hours.
What Happened
BitMine Immersion Technologies, the world's largest publicly traded Ethereum holder, staked 342,560 ETH worth approximately $1 billion between December 26 and 28. The deployment occurred in multiple tranches, with an initial 154,176 ETH ($451 million) deposited on December 27, followed by additional deposits totaling the $1 billion figure.
The company now holds over 4.1 million ETH across its treasury operations, representing the largest corporate Ethereum position globally. BitMine selected three institutional staking providers for a pilot program before scaling operations through its proprietary Made-in-America Validator Network (MAVAN), planned for early 2026.
Why It Matters
At the current staking yield of approximately 3%, if BitMine were to stake its entire 4.1 million ETH treasury, the position could generate around 126,800 ETH annually, worth roughly $371 million at current prices. This yield strategy helps offset unrealized losses from the company's aggressive accumulation during market volatility.
The move signals growing institutional confidence in Ethereum's proof-of-stake model and could encourage other corporate treasury holders to follow suit. BitMine's stock (BMNR) has gained over 300% in the past year despite a recent 40% pullback, reflecting market interest in the company's treasury strategy.
What to Watch
BitMine has earmarked up to $5.7 billion for additional Ethereum purchases, with plans to deploy another $1 billion into staking. The company aims to own 5% of Ethereum's total supply, a target that would make it the dominant force in the staking ecosystem. The launch of MAVAN in early 2026 will be a key milestone for the company's validator infrastructure ambitions.
Key Takeaways
This is a developing story as institutional staking activity continues to reshape Ethereum's validator landscape. BitMine's aggressive strategy represents a new playbook for corporate treasury management in crypto.
