TLDR

  • Bitmine has staked 461,504 ETH, which is currently worth around $1.4 billion
  • A new wallet has added 32,938 ETH that is linked to Bitmine through FalconX
  • Bitmine intends to earn $374 million annually through staking and the MAVAN network
  • Bitmine controls more than 3.4% of the total Ethereum supply

Bitmine Immersion Technologies has raised its staked Ethereum (ETH) holdings to 461,504 ETH, which is now valued at nearly $1.4 billion. This action comes after the company’s recent treasury disclosure and a series of large ETH transactions that indicate continuous accumulation and staking activities as part of its long – term strategy.

Bitmine Staking Reaches 461,504 ETH Worth Nearly $1.4 Billion

According to on – chain data tracked by Onchain Lens, Bitmine Immersion Technologies has staked a total of 461,504 ETH. Based on the ETH market price close to $2,980, this amount is currently worth approximately $1.37 billion. The company confirmed its holdings after previously reporting that 408,627 ETH had been staked as of December 28.

The increase in staked assets includes a recent addition of 118,944 ETH, which is in line with the goal of generating a steady on – chain yield through staking rewards.

This move shows a change from passively holding ETH to using the assets to earn continuous returns. Bitmine’s treasury holds over 4.11 million ETH, accounting for about 3.41% of the total Ethereum supply.

New Wallets and Accumulation Continue

Blockchain observers have traced a new wallet that recently received 32,938 ETH worth about $97.8 million. The funds were transferred from FalconX, a major institutional prime broker.

Although the wallet is not officially identified, it has signature patterns similar to Bitmine’s previous acquisition activities.

This activity follows Bitmine’s recent buying spree, which included $130 million in ETH purchases. The rate of accumulation suggests that the company is working towards its long – term goal of controlling around 5% of the [missing part in original]. Bitmine has increased its ETH holdings by over 44,000 tokens in recent days.

Validator Network and Yield Plans

Bitmine is getting ready to launch its Made in America Validator Network (MAVAN) in early 2026. The company is collaborating with three external staking providers to support the launch of MAVAN. This network is expected to improve its staking returns while supporting Ethereum’s infrastructure.

According to Bitmine, fully deploying its ETH treasury through MAVAN and partner validators could generate annual rewards of about $374 million.

The initiative is being presented as a secure validator framework designed for institutional – scale staking. Bitmine refers to this strategy as its “Alchemy of 5%” approach, which aims to increase its influence in the Ethereum staking ecosystem.

Ethereum Maintains Capital Dominance in 2025

2025 data from Artemis shows that Ethereum continues to lead in Net Capital Inflows with more than $4.2 billion in positive flows. Competing networks like Solana and Hyperliquid showed strength in user activity and perpetual trading, but Ethereum remained the preferred platform for major allocations because of its liquidity and Layer 2 compatibility.

Ethereum’s continued strength is supported by transaction volume and user activity. Crypto analyst @scottmelker [missing verb in original] on X: “ETH sets a new L1 record with 2.2 MILLION transactions in a single day.”

This performance supports Bitmine’s confidence in Ethereum as a long – term treasury asset. While the price of ETH hovered around $2,980 and Bitmine’s stock traded slightly lower at $27.15, the company continued to advance its strategy.