I've been watching Bitmine's entity on Arkham Exchange for a while now. Every entry so far have been purchases. Just recently about 2 hours ago 4 transfers out hit (first ever) totaling about 75k ETH via Batchdeposit to Etherium's Beacon chain (Eth2).
This is obviously a small test batch but it shows they have switched gears in the strategy. I had suspicions that they would announce staking and details about the MAVAN network during the January 15 shareholders meeting. Now this is all but confirmed.
This timing also lines up well with the major ETH (and BTC) options expiration (6 billion in ETH options expiring today) which was pinning the ETH price. It is likely ETH will recover to 3100 ish over the weekend as MMs buy back their short hedges from puts expiring in the 2800-2900 range.
The stars are aligning for some fireworks going into the new year. 2026 is looking bright.
https://intel.arkm.com/explorer/entity/bitmine