BitMine Now Controls 4% of All Staked Ethereum After 186,560 ETH Move

BitMine stakes 1.53M ETH worth $5.13B, now holding 4% of all staked ETH and 4.17M total ETH as validator queue hits 2.3M.

BitMine Immersion Technologies has staked a total of 1.53 million Ether, now representing 4% of all ETH locked on the Beacon Chain. 

The company added 186,560 ETH in a single transaction this week, pushing its total holdings to over $5 billion in value. This development follows a period of rapid accumulation, marking a sharp rise in BitMine’s Ethereum exposure.

BitMine Adds 186,560 ETH in Latest Staking Transaction

On Wednesday, blockchain analytics firm Lookonchain reported that BitMine staked 186,560 ETH, worth around $625 million at current prices. The Ether was transferred to the Beacon Depositor address used by BitMine for its staking operations.

This brings the company’s total holdings to 1,530,784 ETH. At current market value, this equals approximately $5.13 billion. The amount now makes up 4% of the total ETH staked on the Beacon Chain, which holds about 36 million ETH in total.

The company has continued staking aggressively in 2026. Only days earlier, it surpassed the 1 million ETH staked milestone. The latest addition reflects the company’s growing position in Ethereum staking.

BitMine Holds Over 4M ETH and Maintains Active Treasury

BitMine Immersion Technologies, chaired by Tom Lee, added 24,266 ETH last week, raising its total to 4.168M ETH, 3.45% of the total supply.

With over 1.25M ETH staked and $14B in combined crypto and cash assets, the firm aims to reach 5% of all ETH and generate $1M+ in daily staking revenue. Ahead of the January 15, 2026 Annual Meeting at Wynn Las Vegas.

BitMine is chaired by Tom Lee of Fundstrat, who has made recent public comments supporting long-term crypto growth. While market direction can shift, the firm’s ETH staking strategy has remained consistent since the start of the year.

Related Reading: Tom Lee’s BitMine Adds 24,266 Ethereum Before BMNR Vote Deadline

ETH Validator Queue Grows as BitMine Stock Sees Boost

The Ethereum validator entry queue has reached 2.3 million ETH, the highest level since August 2023. This shows strong network interest in staking, though it could also signal delays in new validators going live.

Following the staking news, BitMine stock increased by 3.8% in after-hours trading on Tuesday, reaching $32.35. The stock is also up 11.5% year to date, according to Google Finance.

Meanwhile, Ethereum’s price rose by 7% in the past 24 hours, reaching $3,375. This marks its highest level since mid-December and follows broader gains in the crypto market.

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