BitMine Expands ETH Treasury With $352M Staking Push

• BitMine has control over the biggest known corporate ETH treasury.
• Having an average of ETH entries of about $3,960, Bitmine has possessed an estimated $3.5 billion in unrealised losses. 

Regardless of the volatility faced by Ethereum, BitMine is not stopping from adding it to its portfolio. Yesterday, the data provided by OnChain Lens reveals that BitMine staked 118,944 ETH, with a value of around $352.16 million, during the transaction. 

After this activity, the total staked Ether of the firm stood at 461,504 ETH, whose value stands at around $1.37 billion as per the current market rate. The same data provider revealed that a new wallet received 32,938 ETH, estimated at around $97.8 million, from trading company FalconX. 

On-chain behaviour indicates that the address is ruled by BitMine, adding to signs that the firm is still actively expanding exposure instead of just managing existing holdings. In just the last week, Bitmine increased 44,463 ETH to the portfolio, estimated at around $132 million. 

At the start of December, it carried out only a one-day purchase of 67,886 ETH worth around $201 million, alongside other additions of 29,462 ETH and 32,938 ETH, standing at $88 million and $97.6 million.

The Chairman’s Strategy

The chairman of Bitmine Immersion Technologies Inc., Thomas Tom Lee, has changed its basic strategy this year. Once aimed at immersion cooling for crypto mining, the firm has positioned itself over large-scale virtual asset accumulation, with ETH being at the core. 

By the current estimates, Bitmine has control over the biggest known corporate ETH treasury and is ranked second among global crypto treasuries overall after the Bitcoin holdings of Strategy. 

The company has accumulated about 4.07 million ETH, estimated at more than $12 billion, as per the data from Strategic ETH Reserve. The strategy also associates downside risk. Having an average of ETH entries of about $3,960, Bitmine has possessed an estimated $3.5 billion in unrealised losses. 

As per the recent updates, the company has prepared to introduce its Made in America Validator Network (MAVAN) in Q1 2026, which will work as U.S.-based Ethereum validators. The upcoming shareholder meeting for Bitmine is scheduled for January 15, 2026, in Las Vegas, where Lee is anticipated to widen on the ETH treasury plans and long-term positioning of the company. 

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