BitMine large-scale ETH purchase: $80.57 million bought 24,068 ETH, staking holdings surpass 1.7 million ETH

HashBandit · 2026-01-16T00:54:11+00:00

BitMine has recently made a large purchase of Ethereum, spending $80.57 million to acquire 24,068 ETH, and has already staked over 1.7 million tokens, demonstrating their confidence in the long-term value of Ethereum. This strategy reflects ongoing institutional confidence in the Ethereum ecosystem.

HashBandit

2026-01-16 00:54:11

Abstract generation in progress

【Blockchain Rhythm】Ethereum ecosystem is once again making big moves. BitMine (a major staking custodian for Ethereum) has been active in the market recently—just a short while ago, they swept in 24,068 ETH through FalconX, spending $80.57 million. What is the thinking behind this purchase? Looking at their holdings strategy will make it clear.

Currently, BitMine has staked over 1.7 million ETH, worth $5.65 billion. This number accounts for about 40% of their total ETH holdings(4.17 million). In simple terms, they are betting on Ethereum’s long-term value with real money—buying and staking simultaneously to maximize ETH yields. This proactive approach reflects institutional confidence in the continued growth of the Ethereum ecosystem.

ETH-0,47%

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GasFeeTears

· 17h ago

Damn, BitMine's move really caught me off guard. Over 80 million USD just swept away? I haven't even received my salary this month, haha.

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MonkeySeeMonkeyDo

· 17h ago

Over $80 million invested, BitMine really isn't afraid at all. It seems institutions still have confidence in ETH's long-term prospects.

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gas_guzzler

· 17h ago

Damn, BitMine's move, they just swept 80.57 million like that? They really treat ETH like cabbage Institutions are scooping up much faster than us, they've already started stacking 1.7 million tokens staked, this is basically betting on ETH's future, they're really bold

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