According to onchain data shown in the attached image, Bitmine significantly increased its Ethereum staking activity by depositing 82,560 ETH, valued at approximately $259 million, into the Ethereum proof-of-stake deposit contract earlier today.
The transaction history displayed in the chart shows multiple large transfers sent from Bitmine-linked wallets directly to the official BatchDeposit contract. Several deposits clustered within a short time window, each ranging between roughly 19,000 and 25,000 ETH, indicate a coordinated staking operation rather than isolated transfers.
Total Staked ETH Surpasses Half a Million
Based on the same visual data, Bitmine’s staking push began on December 27. Since then, the company has accumulated a total of 544,064 ETH staked on the Ethereum network. At current valuations shown in the image, this places the total staked amount at around $1.7 billion.
The repeated appearance of Bitmine-associated addresses in the transfer list suggests the firm is systematically deploying capital into staking, rather than testing the mechanism with a small allocation. Each entry reflects direct inflows to the staking contract, confirming that the ETH is being locked for network validation rather than moved through intermediaries.
Clear Shift Toward Ethereum Yield Strategy
The scale and pace of the deposits visible in the image point to a deliberate strategy shift. Rather than holding ETH passively, Bitmine appears to be prioritizing long-term participation in Ethereum’s proof-of-stake system. By committing more than half a million ETH, the company positions itself among the largest known corporate staking participants.
The chart also highlights how rapidly the staking balance has grown within days, reinforcing the view that this is an intentional capital reallocation rather than routine treasury management.
Onchain Transparency Highlights Institutional Activity
All figures referenced are directly observable in the attached transaction screenshot, underscoring how onchain data provides real-time visibility into large institutional moves. In Bitmine’s case, the Ethereum staking deposits reflect a high-conviction approach, with substantial capital now locked into the network’s consensus layer.
Based strictly on the image data, Bitmine’s Ethereum exposure through staking has reached a scale that rivals major crypto-native institutions, marking a notable development in corporate participation within Ethereum’s proof-of-stake ecosystem.
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