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2w ago

BitMine Lifts ETH Holdings to 4.17 Million as Staking Surge Drives 30-Day Activation Waits

The accumulation-to-staking strategy tightens Ethereum’s tradable supply, lengthens the entry queue, generates nine‑figure annual rewards.

Ethereum: 2 factors strengthening ETH's potential bullish breakout
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Bitmine adds 24,000 ether, but warns accumulation may slow without shareholder approval
Tom Lee's Bitmine stakes $3.9 billion in Ethereum, hits nearly 70% of accumulation goal

Overview

  • BitMine disclosed total crypto and cash assets of about $14 billion, including roughly 4.17 million ETH after a new weekly purchase of 24,266 ETH worth about $75–76 million.
  • On-chain trackers recorded a fresh 86,400 ETH deposit that pushed BitMine’s staked balance above 1 million ETH, reinforcing its shift to long-duration staking.
  • Ethereum’s validator entry queue has swelled to roughly 1.7–1.8 million ETH with new validator activations taking about 30–31 days, while the exit queue sits near zero.
  • The company is building its Made‑in‑America Validator Network for an early‑2026 launch to run staking in-house and scale operations.
  • A Jan. 15 shareholder meeting will consider expanding authorized shares as analysts estimate current staking yields near 2.5%–2.8% generate about $94 million per year.