Short News View Non-AMP

Bitmine Stakes $259M in ETH, Total Now $1.7B

Published by
Sohrab Khawas

Bitmine Immersion Technologies (BMNR), holding 4.11 million ETH ($12.1B), deposited 82,560 ETH ($259M) into Ethereum’s Proof of Stake contract today. Since starting staking on December 27, 2025, it has committed 544,064 ETH ($1.7B), about 13.2% of its holdings, ahead of its MAVAN validator launch in Q1 2026. This aggressive move, led by Chairman Tom Lee, boosts yields at 3% APR ($374M/year fully staked) and drove BMNR stock up 14%. With ETH at $3,140, staking locks supply amid ETF flows.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Mantle Emerges as Largest Layer-2 for Tokenised Active Strategies Despite MNT Price Weakness

The Mantle ecosystem is expanding in a direction that its token price simply isn't reflecting.…

August 1, 2026

ALGO Price Eyes Key Support as Real-World Asset Adoption Expands Across Algorand

ALGO price has spent most of the past two months on the defensive, sliding roughly…

August 1, 2026

Strategy Backs Market Structure Bill After Reporting $8.22B Quarterly Loss

Strategy, formerly known as MicroStrategy, endured a bruising second quarter, yet the company wasted little…

August 1, 2026

$7B Stablecoin Outflow Raises Liquidity Concerns Despite Bitcoin Holding Above $60K

Stablecoin demand is showing signs of weakening even as Bitcoin continues to trade above $60,000.…

August 1, 2026

Bitcoin Has Missed Its Chance to Become a Payment Method, Says MARA CEO

Bitcoin, the pioneer cryptocurrency that was created to be digital money, is now failing to…

August 1, 2026

Cardano Price Surges 6%—Can Whale Accumulation Push ADA to $0.30?

Cardano price jumped over 6% this week as whale accumulation accelerated and on-chain activity flashed…

August 1, 2026