2026-01-11 12:21:28

BitMine makes another large-scale purchase, this time investing 86,400 ETH, equivalent to approximately $266 million. According to on-chain data, they now hold over 1,080,000 ETH, with a total value approaching $3.3 billion.

Interestingly, faced with such a massive position, they did not choose to sell off and cash out. Instead, they locked these ETH into staking—earning a stable 3 to 5 percent annual return. This approach seems very pragmatic: it allows participation in the ecosystem consensus while generating stable cash flow. For an institution of this size, compared to the volatility risk of short-term trading, long-term holding plus staking yields clearly align better with their operational logic.

ETH-1.4%

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SignatureVerifier

· 01-11 22:58

ngl, the staking narrative here is... technically speaking, requires further auditing. 1.08m eth locked in? that's not "participation in consensus"—that's concentrated validator risk waiting to happen. trust but verify the actual on-chain validator distribution first.

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rugpull_ptsd

· 01-11 12:50

Is this true? Putting in 266 million all at once? I think this guy is serious about holding long-term. Staking yields of 3-5%, this pace is really steady—much smarter than those who chase highs and sell lows every day. 1.08 million ETH—just thinking about this number is overwhelming... You must really believe in Ethereum.

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TokenSleuth

· 01-11 12:49

Holy crap, 1.08 million ETH? This guy really isn’t afraid of being targeted, and he even dares to keep adding to his position. His guts are huge. This deal is indeed smart. Instead of watching the market every day and trying to swing trade, it’s better to earn staking rewards steadily, which is much more stable. Staking 3-5% may not seem like much, but when annualized, it amounts to hundreds of millions in cash flow. That’s what true passive income looks like. But to be honest, with this scale of coin accumulation, if he really dumped the market, it would crash halfway to death. So staking might really be the best option.

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gas_fee_trauma