BitMine Stakes $2.62B in ETH, Holds 3.43% of Circulating Supply

Key Insights:

• BitMine staked 19,200 ETH, worth $60.85 million, on January 7.
• Total staked Ethereum reached 827,008 ETH valued at $2.62 billion.
• BitMine holds 4.143 million ETH, representing 3.43% of the circulating supply.

BitMine Immersion Technologies staked an additional 19,200 ETH worth $60.85 million on January 7, 2026. The transaction brought the total staked Ethereum to 827,008 ETH, valued at $2.62 billion.

BitMine purchased another $105.3 million in ETH over the past week, bringing its total holdings to $13.23 billion.

BitMine executed its latest staking transaction on January 7, depositing 19,200 ETH into Ethereum’s proof-of-stake contract. The transaction was valued at $60.85 million. The deposit brought total staked holdings to 827,008 ETH across all validator positions.

The January 7 stake followed the company’s largest single deposit of 186,336 ETH worth $604.5 million on January 6. BitMine maintained consistent daily staking activity throughout early January.

Tom Lee, Chairman of BitMEX, stated that the company continues to buy and stake Ethereum. The past week saw $105.3 million in new ETH purchases. BitMine maintains its position as the largest fresh money buyer of Ethereum globally.

The company’s acquisition pace averages 50,000-100,000 ETH per week. BitMine staked $1.46 billion in Ethereum last week alone. The seven-day period from January 1 to 7 saw the most concentrated institutional staking activity in Ethereum’s history.

BitMine initiated Ethereum staking on December 26, 2025, with an initial deposit of 74,880 ETH worth approximately $219 million.

December 27 saw another 74,880 ETH deposited. January 2-3 added 82,560 ETH, valued at $259 million. January 5-6 deployed the peak amount of 186,336 ETH worth $605 million. January 7 completed the campaign with 19,200 ETH.

The 13-day period from December 26 through January 7 produced total stakes of 827,008 ETH. The $2.62 billion in staked value represents approximately 20% of BitMine’s total Ethereum holdings.

BitMine held 4.143 million ETH as of January 4, 2026. The position represents 3.43% of Ethereum’s circulating supply of 120.7 million tokens. The company acquired the entire position since launching its Ethereum program on June 30, 2025.

Chairman Tom Lee pursues a goal to acquire 5% of all Ethereum in circulation, approximately 6 million ETH. Reaching this target requires 1.857 million additional ETH beyond current holdings.

BitMine began with zero Ethereum holdings in June 2025. The company pivoted from traditional Bitcoin mining operations to Ethereum treasury management following a $250 million private placement.

The capital injection closed on July 8, 2025, led by MOZAYYX with participation from Founders Fund, Pantera, FalconX, Kraken, Galaxy Digital, and DCG. Early acquisition milestones included 300,657 ETH by July 16, valued at over $1 billion. As of October 2025, holdings reached 2.83 million ETH, worth approximately $13 billion.

On December 5, 41,946 ETH was added for $130 million. December 21 brought 98,852 ETH, valued at $300 million. January 4 completed the most recent weekly acquisition of 32,977 ETH for $104 million.

BitMine started staking relatively late, considering its acquisition timeline. The company spent June through December accumulating before deploying capital into yield-generating validators.

The December 26 initial stake of 74,880 ETH represented only 8.4% of total holdings at that time. January 5-6 marked the peak with 186,336 ETH staked in 24 hours. The $605 million single-day deposit exceeded any prior institutional validator launch.

The staking activity removes tokens from the liquid circulation, thereby tightening the available supply. BitMine’s 827,008 staked ETH represents 0.69% of the total Ethereum supply locked in validators.

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