Bitmine Adds $344 Million ETH Raising Total Stake to Over 908K Tokens

• Bitmine now holds 908,192 ETH, staked and valued at approximately $2.95 billion.
• The company added 109,504 ETH to its stake, worth $344.4 million.
• Bitmine controls 3.43% of Ethereum’s current circulating supply.
• Staking began on Dec. 27 and is ongoing amid rising network activity.

Bitmine has added another 109,504 ETH to its staking portfolio, valued at $344.4 million. This move lifts the company’s total stake in Ethereum to 908,192 ETH, currently worth around $2.95 billion. Bitmine continues to establish its presence as one of the largest institutional Ethereum holders, now holding 3.43% of ETH’s circulating supply.

Bitmine Expands Staking Position in Ethereum

On January 8, 2026, Bitmine staked an additional 109,504 ETH valued at $344.4 million. This brings the firm’s total staked Ethereum to 908,192 ETH. Based on current market data, the total value of these staked assets is estimated at around $2.95 billion.

Bitmine’s Ethereum staking strategy began on December 27, 2025. Within two weeks, the firm completed multiple large staking transactions, including 19,200 ETH earlier in the day on January 8, worth about $60.85 million. According to company disclosures, the latest move reflects Bitmine’s long-term operational approach in the Ethereum network.

Bitmine Holds 3.43% of ETH’s Circulating Supply

Following the latest staking activity, Bitmine now controls 3.43% of Ethereum’s circulating supply. In a recent press release, Chairman Tom Lee noted that despite lower year-end activity, the firm acquired 32,977 ETH in the final week of 2025.

The company’s total ETH holdings are much higher. As of January 5, Bitmine’s Ethereum reserves stood at approximately 4,143,502 ETH. However, only a portion has been moved to staking contracts as part of the firm’s broader treasury strategy.

Industry data indicates that this makes Bitmine one of the largest non-exchange staking entities, following major platforms like Lido DAO and Coinbase. Bitmine’s actions signal continued growth in institutional Ethereum involvement.

Institutional Activity Aims to Reduce Liquid ETH Supply

Large-scale ETH staking directly reduces the volume of tokens available for trading. Once staked, the tokens are locked, subject to Ethereum’s withdrawal mechanisms. This reduces liquid supply and may help stabilize or support prices when demand rises.

Bitmine’s decision to stake over $344 million in ETH on January 8 reflects a clear strategic shift. The firm is moving from passive asset holding to active participation in Ethereum’s proof-of-stake network. This transition enables Bitmine to earn staking rewards while contributing to blockchain consensus and network security.

Public blockchain data and analysis from Onchain Lens suggest the staking transaction was completed within two hours. This shows strong operational capability and coordinated liquidity management by Bitmine’s treasury team.

ETH Staking Gains Momentum Among Large Investors

Ethereum staking yields can offer stable returns. With Bitmine’s increased involvement, it joins a growing number of institutions choosing to allocate capital into staking contracts. Bitmine’s presence as a validator may also give it increased access to protocol-level participation and data.

Other assets in Bitmine’s portfolio include 192 Bitcoin, valued at $17.3 million, and a $25 million stake in Web3 treasury platform Eightco. The firm also reported holding $915 million in cash as of January 4, 2026.

Bitmine has stated it is targeting 5% of ETH’s circulating supply, which would equal around 6.04 million ETH. If the pace of accumulation continues, Bitmine may reach that figure in 2026, assuming similar acquisition and staking rates.

The post Bitmine Adds $344 Million ETH Raising Total Stake to Over 908K Tokens appeared first on CoinCentral.