Important points
- Bitmine, a Nasdaq-listed company, added 19,200 ETH to its holdings.
- The company's total Ethereum holdings now stand at 827,008 ETH, valued at over $2.5 billion.
Bitmine, a Nasdaq-listed Ethereum treasury operator, staked an additional 19,200 ETH worth more than $60 million, according to data tracked by Onchain Lens. The company's total ETH staking currently exceeds 827,000 units, with a value of over $2.5 billion.
The company appears to have moved approximately 167,800 ETH into staking in the four days since it last reported its holdings.
The company is preparing to launch an internal Made in America Validator Network (MAVAN) to handle staking operations, and a pilot program involving institutional investors is underway.
As of January 4, Bitmine held over 4 million ETH as part of a $14.2 billion balance sheet focused on long-term crypto accumulation, along with small Bitcoin holdings and $915 million in cash.
Bitmine positions Ethereum as a core asset on its balance sheet, accumulating and managing ETH holdings while generating yield through proof-of-stake validation.
