BitMine Immersion Technologies, a leading Ethereum-focused treasury firm, today announced that it had staked another 19,200 ETH, worth almost $61 million, according to the current market price.
BitMine expands Ethereum staking
According to an X post by on-chain data reporter Onchain Lens, BitMine has staked an additional 19,200 ETH worth $60.85 million. To date, BitMine has staked 827,008 ETH, valued at approximately $2.62 billion.
Today’s move is just the latest in BitMine’s continuous effort to stake an increasing amount of ETH. In November 2025, BitMine had bought 28,625 ETH worth $82 million at the time. It is worth reiterating that BitMine aims to hold 5% of the total Ethereum supply.
The company started its ETH purchasing spree back in June 2025. By August 2025, the company had already accumulated more than 1.5 million ETH, while it surpassed the 4 million ETH figure by the end of December 2025.
Data from Coingecko shows that BitMine currently holds 4.14 million ETH, worth almost $13 billion at the current market price. Notably, the firm also holds a relatively small stack of 192 Bitcoin, worth $17.3 million.
Trailing BitMine is Sharplink, which currently holds almost 860,000 ETH, valued at $2.66 billion. The Ether Machine, Bit Digital, and Coinbase Global round out the list of top five public companies with Ethereum treasuries.
It is worth highlighting that the total ETH held by public companies currently stands slightly above 6.1 million, representing almost 5% of Ethereum’s total supply. Coingecko data shows that a total of 28 companies currently hold ETH on their balance sheet.
ETH upgrades fail to push price upwards
Despite two major upgrades in 2025 – such as the Pectra upgrade and the highly anticipated Fusaka upgrade in December 2025 – ETH prices have failed to reflect successful completion of these milestones.
ETH hit an annual low of almost $1,550 in April 2025, following which it witnessed a period of parabolic price action, catapulting the digital asset’s price to a temporary high of $4,948 in August 2025.
However, the ETH price has been on a prolonged downtrend since then, hitting a macro-bottom of around $2,650 in November 2025. That said, BitMine Chairman Tom Lee is confident that ETH will witness extraordinary price appreciation, which can push it to as high as $62,000.
