BitMine Reaches 1.5M ETH Staked Now Controls 4% of Beacon Chain

TLDR

• BitMine has staked 1.53M ETH, which now makes up 4% of all ETH staked.
• The firm added 186,560 ETH worth $625M to its staking address this week.
• BitMine holds over 4M ETH, with 37% now actively staked on the Beacon Chain.
• ETH staking queue reached 2.3M, the highest level since August 2023.

BitMine has taken a major step in Ethereum staking by surpassing 1.5 million ETH staked, now representing 4% of the total ETH locked on the Beacon Chain. With a recent deposit of over 186,000 ETH worth $625 million, the company has strengthened its position as the largest Ethereum digital asset treasury. This move highlights BitMine’s ongoing commitment to Ethereum’s network growth and its expanding role in blockchain infrastructure.

BitMine’s Staked ETH Surpasses 1.5 Million Mark

BitMine Immersion Technologies (BMNR) has raised its total staked Ether to over 1.5 million ETH. The company added 186,560 ETH this week, worth about $625 million, to its main staking address labeled “Beacon Depositor.” The new deposit was confirmed by blockchain analytics tracker Lookonchain.

This addition brings BitMine’s total staked ETH to 1,530,784, with a current estimated value of $5.13 billion. This total equals around 4% of all the 36 million ETH currently staked on Ethereum’s Beacon Chain.

The company, chaired by Tom Lee, crossed the 1 million ETH staked milestone only a few days earlier. BitMine appears to be accelerating its staking strategy, adding large amounts of Ether within a short period.

BitMine Holds Over 4 Million ETH in Treasury

According to its latest report, BitMine holds a total of 4,167,768 ETH. With 1.53 million ETH now staked, this means about 37% of its holdings are locked into staking contracts.

In addition to Ether, the firm also owns 192 Bitcoin, nearly $1 billion in cash, and a $23 million equity stake in Eightco Holdings. These assets contribute to its growing digital treasury portfolio, which positions BitMine among the top crypto asset treasuries globally.

The company’s focus on Ether staking shows its commitment to long-term engagement with the Ethereum ecosystem. This strategic move comes as staking demand continues to rise across the network.

Ethereum Validator Queue Hits 2.3 Million ETH

As more entities stake their ETH, the Ethereum validator entry queue has expanded rapidly. It has now reached 2.3 million ETH, the highest level recorded since August 2023.

This growing queue suggests that many validators are waiting to be activated. The high demand is partly due to large institutional players like BitMine increasing their stake. The staking process on Ethereum requires validators to wait in line before they are added to the network, depending on the overall network activity.

This backlog may delay the activation of new validators, but it also reflects a strong interest in Ethereum staking amid rising market confidence.

Ether Price and BitMine Stock See Strong Gains

The price of Ether has risen 7% over the past 24 hours, reaching $3,375 on Coinbase. This is the highest Ether price since December 10, 2025. The move pushes Ether closer to breaking its resistance level around $3,400, which could open the way for further price gains.

BitMine stock also reacted positively. Shares rose by 3.8% in after-hours trading on Tuesday, hitting $32.35. The stock is now up 11.5% so far this year, moving in line with overall growth in the crypto sector.

Tom Lee, who chairs BitMine, said on Monday, “We continue to view the leverage reset post October 10th, 2025, as akin to the ‘mini crypto winter.’ 2026 is the year crypto prices recover and with stronger gains in 2027–2028.”

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