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.
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.
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.
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. TradingView
“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. TradingView
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.
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. PR Newswire
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). PR Newswire+1
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.
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.
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.
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.
