Bitmine Stakes Another 147K ETH as Holdings Reach 2.5M ETH

Bitmine has increased its Ethereum staking position again. On January 29, on-chain data from Onchain Lens showed that Bitmine staked another 147,072 ETH. The value of this deposit is about $440.5 million. With this move, Bitmine total staked has reached 2,516,896 ETH. Currently, this amount is worth around $7.45 billion. The update confirms that Bitmine remains one of the largest single participants in ETH staking.

New Staking Move Adds $440 Million

The latest staking transaction sent 147,072 ETH into Ethereum staking system. This locks the tokens and helps secure the network. In return, Bitmine earns staking rewards. These rewards come from validating transactions and supporting the proof-of-stake system.

吴说获悉，据 Onchain Lens 监测，Bitmine 进一步质押了 147,072 枚 ETH，价值约 4.405 亿美元。截至目前，他们已累计质押 2,516,896 枚 ETH，总价值达 74.5 亿美元。https://t.co/hstxnl7zDr

— 吴说区块链 (@wublockchain12) January 29, 2026

This is not a one time action. Bitmine has made many similar moves over the past months. Each time, it adds more ETH to staking instead of selling it. Though its total staked balance keeps growing. The firm now controls more than 2.5 million ETH in staking contracts. That places Bitmine among the largest Ethereum holders actively earning yield.

Bitmine’s Ethereum Strategy

Bitmine Immersion Technologies is known for holding a very large ETH treasury. Reports suggest the company holds over 4 million ETH in total. A large part of that supply is now staked. This shows a clear strategy. Bitmine is not just holding Ethereum. It is using Ethereum to earn steady income.

At current rates, staking this amount of ETH can generate over $1 million per day in rewards. This income depends on network activity and reward rates. Still, it shows why big firms choose to stake. They see Ethereum as a store of value and a source of yield. By staking instead of selling, Bitmine also reduces the amount of ETH available on the market. This can lower liquid supply. In tight markets, this may help support price levels.

Impact on the Ethereum Network

Large staking actions help strengthen ETH proof-of-stake system. More staked ETH means more security for the network. It also shows trust in Ethereum’s long term future. Institutions usually avoid locking funds unless they feel confident about stability. But large stakers also raise questions. Some community members worry about centralization. When one entity controls millions of ETH, it gains more influence in validation. Still, Ethereum has many validators. Even with Bitmine’s size, control remains spread across thousands of operators.

Market Meaning and Outlook

This staking move sends a strong message. Specifically, Bitmine is betting on Ethereum for the long run as it prefers earning yield over taking quick profits. In fact, this strategy signals deep confidence in both the ETH price and future network activity. Furthermore, for the broader market, such actions reduce immediate selling pressure because fewer coins stay on exchanges. Instead, more tokens remain locked in secure contracts.

Consequently, over time, this supply reduction can help stabilize market prices. It also shows that large players treat ETH as productive capital, not just a trading asset. If Bitmine continues this pattern, its staked balance could grow even further in 2026. This may keep Ethereum’s liquid supply tight. At the same time, it shows that staking has become a key tool for institutional crypto strategy.