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Ethereum staking activity has surged, with Grayscale Investments and Bitmine collectively committing close to $500 million within 24 hours.
On-chain data from Arkham Intelligence confirmed both transactions. Grayscale deposited 102,400 ETH worth roughly $237 million through Coinbase Prime. Bitmine followed with an additional 112,040 ETH valued at about $259.6 million. Both firms now rank among the most active institutional Ethereum stakers globally.
Grayscale executed its latest staking deposit through 32 separate transactions, moving funds from its Ethereum Trust wallet directly to Coinbase Prime.
The asset manager first activated Ethereum staking for its products in October 2025. Since then, it has accumulated nearly $38 million in net staking rewards.
Grayscale operates two staking-focused Ethereum products in the US market: the Grayscale Ethereum Staking ETF (ETHE) and the Mini ETF (ETH). Combined assets under management for both products reached $4 billion as of April 24, supported by steady inflows since staking capabilities launched.
Grayscale CEO Peter Mintzberg shared performance figures for the first quarter of 2026, noting that the Mini ETF ranked first among all US ETP providers. The fund pulled in $337 million in net inflows during the period. Mintzberg also pointed to Ethereum’s record-breaking 200 million-plus on-chain transactions for Q1.
Grayscale’s Ethereum Staking Mini ETF ranked #1 among U.S. ETP providers in Q1 2026, with $337M in inflows.
In a public post, Mintzberg said Ethereum recorded its busiest quarter ever on-chain, citing $180 billion in stablecoin activity and the expansion of programmable finance infrastructure. He framed staking as aligned with Grayscale’s fundamental investment thesis around real usage and long-term utility.
Bitmine Immersion Technologies now holds the top position among corporate Ethereum stakers. The firm disclosed that its staked ETH had reached 3.3 million units, representing 67% of its total Ethereum holdings at the time.
On Friday, Bitmine expanded its staked position further. Lookonchain reported that Bitmine staked an additional 112,040 ETH. After the deposit, total staked ETH climbed to 3.7 million units, equaling approximately 74% of Bitmine’s overall ETH holdings.
The on-chain tracker also reported that Bitmine’s cumulative staked ETH is worth $8.58 billion, describing the approach as a yield-driven ETH treasury strategy.
Tom Lee’s Bitmine staked another 112,040 ETH ($259.6M).
In total, Bitmine has staked 3,701,589 ETH ($8.58B), or 74.38% of its total holdings.
Across the broader Ethereum network, roughly 39 million ETH is currently locked in staking contracts, close to one-third of all Ethereum in existence.
By removing supply from the open market, additional institutional staking can reduce available trading liquidity and further tighten the available ETH supply pool over time.

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