BitMine (BitMine) intensifies its investment in the Ethereum network!
BitMine Immersion Technologies (sometimes referred to as "BitMine" in certain translations) recently announced its commitment to staking approximately $3.2 billion of its holdings in $ETH (around 1 million ETH stored as part of its massive treasury).
- The company currently holds over 4.14 million ETH (approximately 3.43% of total supply), valued at over $13 billion.
- It has staked a significant portion (around 659,000 ETH valued at ~$2.1 billion, with commitments reaching up to $3.2B in some reports) to support the network and earn returns.
- Goal: Reach 5% of Ethereum's supply, with the launch of the American MAVAN staking network in Q1 2026.
This reflects immense institutional confidence in Ethereum's future as a financial infrastructure, especially with expectations of tokenization and DeFi growth.
Will this push $ETH toward new levels in 2026? Or is it a chance to accumulate now?
What do you think? Is ETH currently undervalued?
