NEW YORK, December 28, 2025, 20:49 ET — Market closed
- BitMine shares last closed down 3.5% on Friday at $28.31.
- On-chain data cited by Cointelegraph showed wallets linked to BitMine moved 74,880 ether into an Ethereum staking contract on Sunday.
- Investors will watch for any company comment and ether’s direction when U.S. markets reopen on Monday. 1
BitMine Immersion Technologies will head into Monday’s U.S. session with a fresh catalyst after on-chain data showed wallets linked to the company shifted nearly $219 million worth of ether into an Ethereum staking contract over the weekend. Shares last closed down 3.5% at $28.31 on Friday. 2
The move matters because BitMine has amassed one of the largest public-company ether treasuries, turning BMNR into a high-beta proxy for Ethereum’s price and liquidity. Any step toward putting those holdings to work can alter the market’s view of the firm’s earnings power and risk profile. 2
Staking is the process of locking crypto tokens in Ethereum’s proof-of-stake system to help validate transactions in exchange for rewards, similar to earning interest.
Cointelegraph reported that multiple wallets linked to BitMine sent large ether transfers on Sunday to a contract labeled “BatchDeposit,” with total transfers of 74,880 ETH, citing on-chain data from Arkham. Cointelegraph said the pattern is typically associated with institutional staking setups that aggregate funds before validators are created. 2
“The largest Ethereum treasury company Bitmine (BMNR) has finally started attempting to stake its held ETH to earn interest income,” on-chain analyst EmberCN wrote in a post on X, Cointelegraph reported. 2
EmberCN estimated the staking yield at about 3.12% on an annualized basis, adding that staking the full ether balance would translate into a much larger annual rewards figure. 2
BitMine said on December 22 that it held 4,066,062 ether as of December 21, along with $1.0 billion in cash, and put “crypto + total cash + ‘moonshots’” holdings at $13.2 billion. In that statement, the company described itself as the largest ether treasury and the No. 2 crypto treasury behind Strategy. 3
The company has also pointed investors to a longer-term staking roadmap. In a November 21 press release, BitMine said it expected staking to go live in the first quarter of 2026 and that it had selected three staking providers for a pilot program as it builds the “Made-in-America Validator Network” (MAVAN). 4
Cointelegraph flagged competitive pressure in ether-treasury plays. It cited Sharplink Gaming as the second-largest public Ethereum treasury holder, with nearly 798,000 ether. 2
In the broader market, ether was last up about 1.1% at roughly $2,976 on Sunday evening, after modest gains over the past 24 hours.
Before the next session, traders will focus on whether BitMine comments on the on-chain transfers and whether it signals a broader shift from holding ether to generating staking rewards. They will also watch ether’s price action, which has been a key driver of sentiment around crypto-treasury stocks. 2
BitMine also has a corporate calendar item on Monday. The company previously declared an annual dividend of $0.01 per share, with a payable date of December 29, 2025. 4
Another catalyst sits in January. BitMine has called an annual stockholders meeting for January 15, 2026 at the Wynn Las Vegas; the agenda outlined in its December 22 release included director elections and proposals such as increasing authorized common shares and approving a 2025 omnibus incentive plan. 3
