Ethereum Treasury Giant BitMNR Stakes $219M in ETH

The world’s largest Ethereum treasury firm, BitMNR, has officially entered Ethereum staking for the first time, marking a major shift in how large $ETH holders manage their assets.

On-chain data shows the firm deposited around 74,880 $ETH into Ethereum’s proof-of-stake system, worth nearly $219 million.

Bitmine Stakes $219 Million in Ethereum

According to on-chain data shared by Arkham Intelligence, BitMNR deposited around 74,880 $ETH into Ethereum’s proof-of-stake system, roughly valued at nearly $219 million, making it one of the most notable staking moves by a corporate treasury in recent times.

This is the first time Bitmine has staked any of its Ethereum holdings. Until now, the company had kept its $ETH untouched, even though it holds one of the biggest Ethereum treasuries in the market.

Instead of relying only on long-term price growth, the company is now aiming to earn steady income directly from the Ethereum network. By staking its $ETH, Bitmine helps secure the blockchain while earning regular rewards in return.

How Much $ETH Does BitMNR Hold?

On-chain data shows Bitmine holds about 4.066 million $ETH, valued at $11.9 billion. This represents roughly 3.37% of Ethereum’s total supply, making Bitmine one of the largest $ETH holders globally.

With Ethereum’s current staking yield around 3.12% per year, the potential returns are significant. If Bitmine were to stake all of its $ETH, it could earn close to 126,800 $ETH annually. As of today’s price of around $2,927, that would be worth roughly $371 million.

Commenting on the move, Thomas Tom Lee, Chairman of Bitmine, said the company is moving quickly toward its 5% return goal and is already seeing clear benefits from its large Ethereum holdings.

Ethereum Price Outlook

Ethereum’s price has been moving in a tight range between $2,900 and $3,000, as low year-end trading activity keeps the market quiet. Recently, Thomas Tom Lee has remained optimistic, saying asset tokenization could push $ETH to $7,000–$9,000 range by early 2026.

As of now, Ethereum is trading near $2,928, down about 1% in the last 24 hours, with its market value standing around $354 billion.