BitMine Stakes 87 Percent of ETH Holdings in Huge Bet

BitMine Immersion Technologies just staked another 150,120 Ethereum tokens worth roughly $278 million. Blockchain analytics accounts spotted the massive transfer, which brings the company total to over five million staked tokens valued near $9.38 billion. This means the firm has now locked up 87.4 percent of its entire ether treasury.

Staking locks tokens into the validator network to earn rewards instead of leaving them idle in a wallet. By committing nearly nine tenths of its holdings, the firm shows it plans to hold the position for years rather than trade short term price swings. BitMine runs these transactions through its institutional platform known as the Made in America Validator Network.

Chairman Tom Lee has repeatedly described the strategy as a wager on a multiyear supercycle for Ethereum. The move matches a wider institutional trend where ether funds attract strong capital while other assets see outflows. Market watchers will now monitor if institutional demand stays strong enough to reward this massive treasury bet.