According to an article posted this morning (27th) on the X platform by the on-chain data monitoring team @OnchainLens, BitMine (@BitMNR, NYSE: BMNR), the world's largest Ethereum reserve company, has staked 74,880 ETH, worth approximately $219.18 million, after several months of accumulation. In response, on-chain data analyst @EmberCN also posted a supplementary article on the X platform today, pointing out :
BitMine (BMNR) has finally begun staking its ETH holdings to earn interest: approximately 50 minutes ago, they deposited 74,880 ETH (about $219 million) into an Ethereum PoS staking contract. This is BitMine's first staking activity; the company currently holds approximately 4.066 million ETH. At the current annualized yield (APY) of approximately 3.12%, staking all of these would yield approximately 126,800 ETH in interest annually, worth about $371 million based on the then-current ETH price of $2,927.
This move indicates that BitMine is shifting from simply holding tokens to actively participating in the network consensus mechanism and earning staking rewards.
SharpLink unstaking Ethereum
In contrast, another Ethereum treasury company, SharpLink (@SharpLink, Nasdaq: SBET), was detected by on-chain data today to have unstaking 35,627 ETH, worth approximately $104.4 million, from liquid staking protocol. Market analysts suggest this may indicate that SharpLink is selling some of its Ethereum, adjusting its asset allocation strategy, or releasing liquidity for other investment plans.
However, it's worth noting that earlier today, SharpLink CEO Joseph Chalom (former Head of Digital Asset Strategy at BlackRock) published an article on the X platform expressing strong optimism about the Ethereum ecosystem. He stated that the rapid expansion of the stablecoin market, the surge in tokenized real assets (RWA), and the growing interest of sovereign wealth funds in crypto assets will drive Ethereum's total value locked (TVL) to increase tenfold by 2026.
Joseph Chalom further elaborated on his views: by the end of 2026, the stablecoin market is projected to reach $500 billion; the tokenized RWA market will expand to $300 billion, and the assets under management (AUM) of tokenized assets will grow tenfold, extending beyond the tokenization of individual funds, stocks, or bonds to the tokenization of entire fund portfolios. Furthermore, the amount of ETH held by sovereign wealth funds and the scale of its tokenization are expected to grow five to tenfold.
He also emphasized that on-chain AI agents and prediction markets will become mainstream applications, which will bring a large amount of on-chain activity and value inflow, further strengthening Ethereum's position as a global settlement layer.
Overall, the latest moves by the two major Ethereum treasury companies show divergence: BitMine is shifting towards staking to increase revenue, while SharpLink, although unstaking some tokens, has a leadership that is extremely optimistic about the ecosystem's prospects. This also reflects, in part, the different strategies of institutions in the current ETH price range of approximately $2900-$3000, injecting different signals into the market.
