BitMine Buys 44,463 ETH, Now Holds ~4.11M ETH and Staked 408,627; MAVAN Staking Network Coming 2026
BitMine Immersion Technologies increased its Ethereum accumulation, purchasing an additional 44,463 ETH in the latest reported week and bringing total holdings to roughly 4.11 million ETH (about 3.41% of circulating supply). The company holds ~192 BTC, equity in Eightco Holdings worth roughly $23–32 million depending on reports, and about $1 billion in cash — aggregate crypto, cash and related assets total roughly $13.2 billion. BitMine has begun staking operations: as of Dec 28, 2025 it had staked 408,627 ETH (≈ $1.2bn) across three staking providers. Management targets owning 5% of total ETH supply and has completed roughly two-thirds of that goal. BitMine plans to launch a US-made validator network called MAVAN commercially in 2026 to scale staking infrastructure and capture staking revenue; using a CESR (combined effective staking rate) of ~2.81% the company estimates full-scale staking could produce about $374m annually (≈$1m+ per day). The firm will hold its annual shareholders meeting on Jan 15, 2026 to vote on board elections, share-authority increases and incentive plans. For traders: the company’s large, continued accumulation and growing staking operations increase institutional demand for ETH and reduce available supply, while staking flows and MAVAN’s launch may shift liquidity and staking yields over time. Key SEO keywords: BitMine, ETH, staking, MAVAN, institutional accumulation.
Bullish
Net impact on ETH price is likely bullish. Rationale: BitMine’s continued purchases (44,463 ETH in the latest week, total ~4.11M ETH) represent sustained institutional accumulation, which mechanically reduces available supply and signals durable demand from a large publicly traded buyer. The start of staking operations (408,627 ETH staked) and plans to launch MAVAN in 2026 add a predictable, recurring revenue motive for holding ETH rather than selling, further tightening supply over the long term. Short-term effects may be muted or neutral if market participants anticipated the accumulation or if overall macro conditions weigh on risk assets; large staking inflows can also temporarily increase sell pressure if operators liquidate rewards or rebalance. However, the dominant effect for ETH’s price trajectory is supportive: institutional accumulation plus infrastructure (MAVAN) that encourages on-chain lock-up should be positive for medium-to-long-term price discovery. Traders should watch: on-chain outflows to custody/staking, BitMine disclosures of further buys or stake withdrawals, MAVAN launch milestones, and broader market liquidity events which could moderate short-term rallies.