BitMine stakes 209,504 ETH on Jan 27, 2026, taking staked holdings to 2,218,771

On January 27, 2026, BitMine staked 209,504 ETH, lifting its staked holdings to 2,218,771, and recently increased total ETH to 4.2 million after buying 40,202 tokens. With about 52% of its treasury locked and an average cost of $2,839, ETH near $2,900 leaves a narrow profit margin and heightens concentration risk.