Bitmine has added 82,560 ETH to Ethereum’s Proof-of-Stake contract, a deposit valued at about $259 million based on the figures cited in the report. The move drew attention because staked ETH is not positioned for easy selling, making the decision look like a long-duration treasury commitment rather than a short-term market trade.
On-chain data cited in the article shows that since December 27, Bitmine has staked a total of 544,064 ETH within one week. At current prices, that stack is worth roughly $1.7 billion. The company’s total Ethereum holdings were described as close to 4.11 million ETH, which means about 13.2% of its position has been committed to staking. Most of its holdings remain liquid, so the company is still keeping a large portion of its balance sheet flexible while collecting staking yield.
BMNR shares rose nearly 15% in one session
The market response was quick. According to the source material, BMNR stock climbed nearly 15% in a single trading session and changed hands around $31. That price action came as Bitmine kept expanding its Ethereum staking footprint, suggesting investors are paying closer attention to treasury models that generate income from held crypto assets.
The distinction matters. A company that only accumulates tokens depends largely on price appreciation, while a company that stakes part of its Ethereum can add yield to the balance-sheet story. That contrast runs through the article’s comparison between Ethereum treasury firms and Bitcoin treasury firms.
Tom Lee backs plan to expand authorized shares
Tom Lee, chairman of Bitmine Immersion, repeated his positive view on Ethereum in a New Year message and asked shareholders to support a proposal to increase the company’s authorized shares. He said the added share capacity would help with future funding, acquisitions, and long-term growth.
Shareholders are expected to vote by January 14, and the annual meeting is scheduled for January 15. In the article, Lee’s comments line up with Bitmine’s broader effort to keep building one of the largest corporate positions in this crypto asset.
ETH regains the $3,000 level
Ethereum’s price action is also part of the setup. The report says ETH gained about 3.7% over the last 24 hours, reclaiming the $3,000 level. Trading charts were described as showing stable volume and improving momentum, with buyers starting to come back.
If ETH holds above $3,000, the next area traders are watching is the $3,300 to $3,500 range. For Bitmine, stronger ETH prices do more than lift the paper value of reserves. They also improve the economics of a staking-heavy treasury strategy over time.
Bitcoin treasury firms are trading below asset value
The article also points to pressure in the Bitcoin treasury segment. Citing Bitcointreasuries data, it says about 40% of the top 100 Bitcoin treasury companies trade below the value of the Bitcoin they hold. Larger names such as Strategy were described as trading at about a 17% discount to Bitcoin NAV.
That comparison highlights two different corporate crypto playbooks. Bitcoin treasury companies are mostly focused on accumulation, while Ethereum treasury companies such as Bitmine are using staking to generate yield from reserves. Based on the figures presented in the report, Bitmine is trying to turn treasury holdings into an income-producing position instead of leaving the entire stack idle.