Particle.news
Download on the App Store
9 ARTICLES
·
3d ago

BitMine Starts Ethereum Staking With At Least $451 Million as It Pivots to Yield

The company is moving from pure accumulation to validator participation to earn protocol rewards through its MAVAN buildout.

Ethereum [ETH]
Bitmine begins staking eth, deposits $219m into ethereum pos for yield
Tom Lee's Bitmine stakes over $1 billion in Ethereum in two days

Overview

  • On-chain data confirm two deposits of 74,880 ETH and 79,296 ETH on Dec. 27–28, totaling 154,176 ETH worth roughly $451 million.
  • Some trackers, including Lookonchain, reported 342,560 ETH staked over two days, reflecting differing attribution of BitMine-linked wallets.
  • BitMine’s holdings are near 4.06 million ETH, about 3.4% of circulating supply, with an eventual 5% target publicly stated.
  • At an estimated 3.1% APY, fully staking the treasury would imply roughly 126,800 ETH in annual rewards, but exit queues can delay withdrawals.
  • The firm is running a live pilot with selected providers as it prepares the Made in America Validator Network for an early-2026 rollout.