87% of Holdings 'Locked'...BitMine (BMNR) Makes a Bold Move with Ethereum (ETH) Staking

▲ Ethereum (ETH) / AI Generated Image

BitMine Immersion Technologies (BMNR) has staked 87.4% of its Ethereum (ETH) holdings. The total amount is 5,067,309 ETH, with an estimated value of approximately $9.38 billion.

According to crypto media outlet BeInCrypto on August 4 (local time), BitMine, led by Fundstrat co-founder and BitMine Chairman Tom Lee, additionally staked 150,120 ETH that day. The value of this amount is approximately $278 million. Blockchain analytics account Lookonchain detected this movement several hours after the transaction occurred.

With the additional investment, BitMine's staked Ethereum volume increased to 5,067,309 ETH. This accounts for 87.4% of the company's total Ethereum holdings. BitMine is pushing the largest Ethereum staking strategy among companies.

Staking is a method of entrusting held assets to a validator network and receiving rewards in return for contributing to blockchain security. Validators assume the risks of withdrawal delays and price fluctuations while their assets are locked. BeInCrypto assessed that the decision to commit nearly 90% of its holdings reflects a focus on long-term holding rather than short-term trading.

BitMine operates its staking through its proprietary institutional platform, the Made in America Validator Network (MAVAN). The company built this platform to generate revenue from its Ethereum reserves and plans to open it to external customers in the future. Lee has characterized the Ethereum accumulation strategy as a "supercycle" bet spanning several years.

Institutional capital flows have also shifted towards Ethereum. Ethereum spot ETFs recently recorded their best monthly performance since October 2025. During the same period, Bitcoin (BTC) funds continued to experience outflows, and BitMine's stock price rose after it introduced its Ethereum treasury strategy.

[Article Summary]

-BitMine additionally staked 150,120 ETH, increasing its total holdings to 5,067,309 ETH.

-The staking proportion is 87.4% of the total Ethereum holdings, with an estimated value of approximately $9.38 billion.

-BitMine is pursuing monetization of its Ethereum reserves through its proprietary platform, MAVAN.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*