BitMine stakes 186,560 ETH, bringing total staked to 1.53M ETH

BitMine Immersion Technologies (BMNR) added 186,560 ETH to the "Beacon Depositor" address, bringing its total staked to 1,530,784 ETH, Lookonchain reported on Wednesday.

The staked holdings are worth about $5.13 billion and represent roughly 4% of the approximately 36 million ETH staked on the Beacon Chain. BitMine holds just over 4 million ETH in total, of which 37% has now been staked. The move follows the firm crossing the 1 million staked milestone a few days earlier; on Monday it reported holdings of 4,167,768 ETH, 192 BTC, almost $1 billion in cash and a $23 million stake in Eightco Holdings.

The Ethereum validator entry queue has surged to 2.3 million ETH, its highest level since August 2023. BitMine stock rose 3.8% in after-hours trading on Tuesday to $32.35, according to Google Finance, and the company’s shares are up 11.5% year to date. Fundstrat chair Tom Lee said, "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," said Lee on Monday.

Ether’s price climbed about 7% over 24 hours and touched $3,375 on Coinbase, its highest level since Dec. 10, according to TradingView. The asset is approaching the upper bands of a two-month sideways channel and needs to break resistance above $3,400 to see further meaningful momentum; it also faces resistance at the 200-day EMA, the report said.

Key Topics

Crypto, Bitmine, Ethereum, Beacon Chain, Ether, Tom Lee