Overview
- On-chain trackers show BitMine staked 113,280 ETH on Jan. 28, bringing its total staked to about 2,332,051 ETH valued near $7 billion, or roughly 55% of holdings.
- The company holds 4,243,338 ETH—about 3.52% of circulating supply—within a $12.8 billion portfolio that also includes 193 BTC, $682 million in cash, and stakes in Beast Industries and Eightco.
- Direct staking at this scale is tightening tradable supply and contributing to a validator activation wait reported near 54 days on the Ethereum network.
- A shareholder-approved increase in authorized shares enabled renewed equity financing and a 40,302 ETH purchase in the week ending Jan. 26, continuing a months-long accumulation program.
- BMNR shares have traded lower in recent sessions, even as management cites projected annual staking income of roughly $374 million to $400 million and keeps the MAVAN rollout targeted for Q1 2026.