Bitmine Increases Ethereum Stake to $2.5B, Grows Proof-of-Stake Operations

TLDR

• Bitmine has staked an additional 19,200 ETH worth over $60 million, bringing its total Ethereum holdings to over 827,000 ETH.
• The company’s total staked Ethereum is now valued at over $2.5 billion, solidifying its position in the Ethereum ecosystem.
• In just four days, Bitmine moved roughly 167,800 ETH into staking, demonstrating its ongoing commitment to Ethereum.
• Bitmine plans to launch a Made-in-America Validator Network, or MAVAN, to handle its Ethereum staking operations.
• SharpLink Gaming has deployed $170 million in Ethereum into a yield strategy on ConsenSys’ Linea platform, focusing on enhanced returns.

Tom Lee’s Bitmine has staked an additional 19,200 ETH, worth more than $60 million, bringing its total staked Ethereum holdings to over 827,000 ETH, valued at over $2.5 billion. This move adds to the firm’s growing Ethereum stake, which now exceeds $2.5 billion. The company has increased its staked ETH by approximately 167,800 ETH over just four days.

Bitmine Expands Ethereum Staking Operations

Bitmine has recently moved 19,200 ETH into staking, according to data from Onchain Lens. The company’s Ethereum staking now exceeds 827,000 ETH, valued at more than $2.5 billion. This increase in Ethereum holdings comes as the company strengthens its position as a major player in Ethereum’s proof-of-stake ecosystem.

The staking process allows Bitmine to generate passive income through Ethereum validation rewards, as the cryptocurrency transitions from proof-of-work to proof-of-stake. Bitmine’s Ethereum strategy reflects its broader commitment to long-term cryptocurrency accumulation and yield generation. The company continues to expand its Ethereum holdings despite market fluctuations, cementing the digital asset as a core part of its balance sheet.

SharpLink Gaming Deploys $170 Million into Ethereum Yield Strategy

SharpLink Gaming has deployed $170 million worth of Ethereum into a new yield strategy on ConsenSys’ Linea platform. The firm has moved beyond planning and entered the execution phase of its multi-year treasury strategy. SharpLink’s yield strategy combines native Ethereum staking rewards with additional rewards from restaking and incentives provided by Linea and EigenCloud.

The strategy allows SharpLink to stack multiple yield streams on top of its Ethereum holdings. This approach aims to enhance returns while maintaining tight operational controls. SharpLink Gaming’s deployment adds to the growing trend of institutional investors seeking to maximize yield from Ethereum without fully committing to decentralized finance custody models.

As of January 4, Bitmine held over 4 million ETH, alongside other digital assets like Bitcoin and $915 million in cash.

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