- BitMine staked 86,400 ETH worth $266 million in a single day.
- Located within its Ethereum treasury expansion strategy.
- Reflects trend of corporate involvement in Ethereum staking.
BitMine Immersion Technologies, Inc. completed a $266 million, 86,400 ETH single-day staking event on January 10, 2026, emphasizing its significant Ethereum treasury strategy.
This substantial staking move by BitMine potentially influences Ethereum’s market dynamics, destacating the rising role of corporate treasuries in the cryptocurrency’s proof-of-stake network infrastructure.
Lede
BitMine Immersion Technologies has taken a bold step by staking 86,400 ETH, valued at $266 million, in a single day. This move aligns with BitMine’s prior report on its Ethereum treasury expansion declared earlier in January. The action involves current Chairman Tom Lee, who shapes BitMine’s ETH strategy. As an advocate of Ethereum, he pivoted the company towards treasury and staking from its previous Bitcoin mining focus.
Nut Graph
The staking significantly impacts the Ethereum market by reducing available tokens, potentially impacting liquidity in the near term. This decision reinforces BitMine’s stature among corporate entities keen on large-scale cryptocurrency staking. Financially, the operative extends BitMine’s umbrella over Ethereum with a rise in staked assets. Tom Lee noted optimism for Ethereum, citing government support and crypto adoption as key factors for BitMine’s decisions.
“We are excited about the prospects for Ethereum in 2026 given the multiple tailwinds of US government support for crypto, Wall Street embracing stablecoins and tokenization, the rising need for authentication and proof of provenance in an increasingly complex AI world and the rising adoption of crypto among younger generations.” — Tom Lee, Chairman, BitMine Immersion Technologies, Inc.
Analyzing potential outcomes, this action may elevate BitMine’s influence in the staking domain while boosting Ethereum’s validator network capacity. The development underpins a broader trend in institutional cryptocurrency engagement, heralding further shifts in crypto staking practices.
