On January 27, blockchain analytics platform Onchain Lens reported that BitMine acquired 20,000 ETH (worth approximately $58.22 million) from FalconX. In addition, the entity added 184,960 ETH to its staking position, valued at around $538 million.
This move brought BitMine's total staked ETH holdings to 2,128,160, with a total value of up to $6.22 billion. This significant position highlights its growing influence within the Ethereum ecosystem, as staking activity reflects strong investor confidence in long-term value retention.