Bitmine Secures 81% Shareholder Approval, Plans ETH Staking Solution Launch in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
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Should l Buy ORBS?
Source: PRnewswire
- Shareholder Voting Support: At the January 15, 2026, shareholder meeting, Bitmine received 81% approval for Proposal 2, demonstrating strong shareholder confidence in the company's ETH accumulation strategy, which solidifies its leadership position in the crypto asset space.
- ETH Investment Growth: As of January 19, 2026, Bitmine's total staked ETH reached 1,838,003 ETH, valued at approximately $5.9 billion, reflecting a significant increase of 581,920 ETH from the previous week, indicating rapid expansion and active investor participation in the cryptocurrency market.
- Major Investment Announcement: Bitmine announced a $200 million investment in Beast Industries, expected to close this week, which not only enhances Bitmine's asset portfolio but also potentially lays the groundwork for future revenue growth, particularly in the content creation sector.
- Active Market Trading: Bitmine's stock has an average daily trading volume of $1.5 billion in the U.S. market, ranking 60th, showcasing its popularity among investors and market liquidity, further enhancing the company's influence in the cryptocurrency industry.
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Analyst Views on ORBS
About ORBS
Eightco Holdings Inc., through its subsidiary, Forever 8 Fund, LLC, operates as an inventory capital and management platform for e-commerce sellers. Forever 8 Fund, LLC (Forever 8) is an e-commerce fintech company that provides funding solutions for e-commerce businesses. Forever 8 provides funding solutions for e-commerce businesses, which sell on Amazon, Shopify and other online platforms. Forever 8 uses proprietary technology to review product sales data and determine funding potential for online retail entrepreneurs around the world. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Wealth Transfer Expectations: Lee noted that while these young customers are not wealthy today, a significant wealth transfer of trillions is anticipated in the coming decades, providing long-term growth opportunities for MrBeast's financial platform.
- MrBeast's Influence: With 330 million subscribers, Lee described MrBeast as one of the most impactful entertainment brands globally, and the integration of cryptocurrency into his financial services platform is expected to attract a large number of young users, further solidifying his market position.
- Strategic Partnership with Step: MrBeast's investment in Step allows BitMine to align with Step, focusing on Gen Z and Gen Alpha consumers while leveraging the rise of a
See More
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- Significant ETH Holdings: Bitmine currently holds 2,873,459 ETH, valued at $6.2 billion at $2,125 per ETH, demonstrating the company's robust investment capability in the cryptocurrency market and solidifying its position as the largest ETH treasury globally.
- Growth Investment Potential: In just six months, Bitmine has acquired 3.58% of the ETH supply, nearing its 5% target, and is expected to enhance its market share and revenue potential with the launch of the MAVAN staking solution in Q1 2026.
- Total Cash and Asset Value: Bitmine's total cash and
See More
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- ETH Staking Scale: Bitmine currently has 2,873,459 ETH staked, valued at $6.2 billion at $2,125 per ETH, showcasing the company's strong investment capability and market confidence in the crypto asset space.
- Investment and Holdings: Recently, Bitmine closed a $200 million investment in Beast Industries, while its total cash and 'moonshot' holdings reached $10 billion, indicating a proactive strategy in the cryptocurrency market and potential for future growth.
- Market Trading Activity: Bitmine's stock trades at an average daily volume of $1.3 billion in the US, ranking 107th, reflecting its popularity among investors and liquidity, which further solidifies its market position.
- Staking Revenue Growth: The company has achieved annualized staking revenues of $202 million, up 7% from $34 million on January 1, indicating successful implementation of Bitmine's ETH staking strategy and sustainability of future earnings.
See More
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- Severe Holding Losses: BitMine Immersion Technologies currently holds 4.285 million ETH, valued at approximately $9.6 billion, which has significantly decreased from nearly $14 billion in October, reflecting the company's substantial paper losses as Ethereum's price plummeted from $3,000 to $2,300.
- Strong Ethereum Fundamentals: Despite the price drop, Chairman Tom Lee emphasized Ethereum's robust fundamentals on CNBC, noting that daily transactions reached 2.5 million and active addresses surpassed 1 million in 2026, indicating a strong rebound in network activity.
- Staking Revenue Growth: BitMine has staked 2.897 million ETH, increasing by 888,192 in the past week, generating an annualized staking revenue of $188 million, an 18% increase from the previous week, but this income does little to offset the $6 billion unrealized loss.
- Stock Price Technical Analysis: BitMine's stock is down 6%, hovering near the critical support level of $29.60, and a breakdown below this level could accelerate selling pressure, while a recovery above $35-$40 is necessary to signal any meaningful reversal.
See More
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- Ethereum Staking Growth: As of February 1, 2026, Bitmine's staked ETH totals 2,897,459, valued at approximately $6.7 billion, reflecting an increase of 888,192 in the past week, showcasing the company's strong investment confidence in the Ethereum market.
- Total Cash and Crypto Holdings: Bitmine's total cash and 'moonshot' holdings amount to $10.7 billion, including 4.285 million ETH and $586 million in cash, indicating a robust financial foundation in the cryptocurrency sector.
- Market Trading Activity: Bitmine's trading volume in the US reaches $1.1 billion daily, ranking it as the 105th most traded stock, highlighting its increasing liquidity and investor interest in the market.
- Strategic Investment and Future Plans: Bitmine plans to launch the MAVAN staking solution in Q1 2026, aimed at providing secure staking infrastructure, further solidifying its leadership position within the Ethereum ecosystem.
See More
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- ETH Holdings Surge: As of February 1, 2026, Bitmine's ETH holdings reached 4,285,125 ETH, representing 3.55% of the total supply, indicating that the company is nearing 70% of its 5% target within just six months.
- Staking Revenue Growth: Bitmine's total staked ETH stands at 2,897,459 ETH, with annualized staking revenues hitting $188 million, reflecting an 18% increase over the past week, showcasing the company's robust performance and profitability in the cryptocurrency market.
- Portfolio Expansion: Bitmine recently closed a $200 million investment in Beast Industries and holds a $20 million stake in Eightco Holdings (NASDAQ:ORBS), further strengthening its position in the crypto asset landscape.
- Active Market Trading: Bitmine's stock is actively traded in the US, with an average daily trading volume of $1.1 billion, ranking 105th, demonstrating its popularity among investors and market confidence.
See More
