TLDR

  • Bitmine has staked an extra 19,200 ETH—valued at more than $60 million—pushing its total Ethereum holdings above 827,000 ETH.
  • The firm’s total staked Ethereum now has a value exceeding $2.5 billion, strengthening its standing within the Ethereum ecosystem.
  • Over a span of just four days, Bitmine transferred approximately 167,800 ETH into staking, showing its continued dedication to Ethereum.
  • Bitmine intends to launch a Made-in-America Validator Network (MAVAN) to manage its Ethereum staking activities.
  • SharpLink Gaming has invested $170 million worth of Ethereum into a yield strategy on ConsenSys’ Linea platform, with a focus on boosting returns.

Tom Lee’s Bitmine has staked an extra 19,200 ETH—worth more than $60 million—raising its total staked Ethereum to over 827,000 ETH, with a value above $2.5 billion. This action expands the firm’s growing Ethereum stake, which now surpasses $2.5 billion. The company boosted its staked ETH by around 167,800 ETH in just four days.

Bitmine Expands Ethereum Staking Operations

Bitmine recently transferred 19,200 ETH into staking, per data from Onchain Lens. The company’s Ethereum staking now tops 827,000 ETH, valued at over $2.5 billion. This rise in Ethereum holdings coincides with the company solidifying its role as a key participant in Ethereum’s proof-of-stake ecosystem.

Through staking, Bitmine earns passive income via Ethereum validation rewards, as the cryptocurrency shifts from proof-of-work to proof-of-stake. Bitmine’s Ethereum approach mirrors its wider focus on long-term cryptocurrency accumulation and yield generation. Despite market ups and downs, the company keeps growing its Ethereum holdings, establishing the digital asset as a central component of its balance sheet.

SharpLink Gaming Deploys $170 Million into Ethereum Yield Strategy

SharpLink Gaming has invested $170 million worth of Ethereum into a new yield strategy on ConsenSys’ Linea platform. The firm has moved past planning and into the execution phase of its multi-year treasury strategy. SharpLink’s yield strategy combines native Ethereum staking rewards with extra rewards from restaking and incentives offered by Linea and EigenCloud.

The strategy lets SharpLink layer multiple yield streams on top of its Ethereum holdings. This method aims to boost returns while keeping strict operational controls in place. SharpLink’s deployment contributes to the rising trend of institutional investors looking to maximize Ethereum yields without fully adopting decentralized finance custody models.

As of January 4, Bitmine held more than 4 million ETH, along with other digital assets such as Bitcoin and $915 million in cash.