BitMine Immersion Technologies expanded its Ethereum staking position this week, bringing its total staked Ether to approximately 1.53 million ETH, valued at more than $5 billion. The latest addition of roughly 186,500 ETH lifts BitMine’s share to about 4% of all Ether currently staked on the Ethereum network, underscoring its scale as an institutional participant.
The move reflects a broader trend of corporate treasuries actively deploying digital assets into yield-generating strategies rather than holding them passively. BitMine now has more than one-third of its Ether reserves staked, while network data shows the validator entry queue rising to levels not seen since mid-2023, signaling renewed demand for staking capacity.
Market reaction was measured but positive, with BitMine shares rising modestly in after-hours trading. The development highlights how large holders are shaping Ethereum’s staking landscape, increasing institutional influence over network participation and capital flows.
