Crypto treasury firm BitMine Immersion Applied sciences (BMNR) staked an extra 86,400 Ether (ETH) on Saturday, valued at about $268.7 million on the time of this writing, crossing the 1 million staked ETH milestone.
The 86,400 ETH was staked in 4 separate transactions, in keeping with information from crypto market analytics platform Arkham Intelligence; this brings BitMine’s whole to 1,080,512 staked ETH, onchain evaluation platform Lookonchain mentioned.
Staking is the method of pledging or locking up crypto tokens by validators or third-party staking service suppliers to safe proof-of-stake blockchain networks.
Staking in crypto produces yield for the validator or investor, who has delegated stake by way of a third-party supplier, paid within the native token of the blockchain community being secured.
“BitMine has now staked about $3.3 billion price of ETH. On the present 2.81% yield, that generates roughly $94.4 million per yr in ETH,” market analyst Nic Puckrin mentioned.
“Clearly, Bitcoin doesn’t produce money circulation, Puckrin added, and requested, “If one other crypto winter hits and debt comes due, does holding a stakeable asset change who weathers it higher?”
The milestone was crossed following a turbulent yr for crypto treasury firms, with some shedding over 90% of their worth from their all-time highs.
BitMine’s inventory is down over 80% from its all-time excessive of $161 per share, reached in July 2025, and is buying and selling at $30.06 per share on the time of publication.
Associated: BitMine buys $105M Ether to kick off 2026, nonetheless holds $915M in money
BitMine chairman asks shareholders to approve a 1000x enhance in approved shares
In early January 2026, BitMine chairman Tom Lee urged shareholders to vote sure on a proposal to extend the approved share restrict to 50 billion shares.
The proposal would increase the variety of shares BitMine is allowed to concern from 50 million to 50 billion — a 1000x enhance.
Rising the approved share restrict doesn’t essentially imply the corporate will concern these shares, Lee clarified.
Elevating the approved share restrict will accommodate future inventory splits to maintain Bitmine’s price-per-share inexpensive at about $25 per share, he mentioned.
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