BitMine Immersive Technologies, led by Tom Lee, has additionally staked 86,400 ETH, worth $266 million.
With this deposit, the company's total Ethereum staking volume has increased to 1.08 million ETH, equivalent to approximately $3.3 billion.
BitMine owns 4.14 million ETH, which accounts for 3.43% of the total Ethereum supply, according to a disclosure on January 4.
What happened
This staking transaction was processed through Ethereum's BatchDeposit contract on January 10.
Earlier, on January 5, Bitmain also staked 82,560 ETH (worth $259 million), demonstrating accelerated staking activity.
The company initiated its staking operations on December 26, 2024, depositing approximately 74,880 ETH (worth $219 million).
After completing a pilot program with three institutional staking providers, Bitmain plans to launch its 'Made in America Validator Network' in Q1 2026.
Based on the current staking yield of approximately 2.8%, if Bitmain stakes all of its financial assets, it could earn over $1 million per day.
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Why is it important
This aggressive staking strategy suggests a long-term holding intention rather than short-term trading.
He predicts that tokenization will be a key growth driver, and Ethereum's price could reach $7,000–$9,000 by early 2026.
Large-scale corporate staking can reduce circulating supply, amplifying price volatility when demand increases.
The participation of Bitmain in the validator queue has extended the time required to activate new validators to about 31 days.
The company's financial strategy draws from Strategy's Bitcoin accumulation model, positioning Ethereum as a core financial statement asset.
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