Overview
- On-chain data shows BitMine staked 118,944 ETH on Dec. 31, lifting its total staked amount to about 461,504 ETH worth roughly $1.37 billion.
- The company’s Ethereum treasury now stands around 4.07–4.11 million ETH, or roughly 3.3–3.4% of supply, after late-December additions including 44,463 ETH and a 32,938 ETH transfer linked to FalconX.
- Recent staking activity pushed Ethereum’s validator entry queue to nearly double the exit queue for the first time in six months, highlighting the supply impact.
- BitMine says its U.S.-based Made in America Validator Network (MAVAN) is slated to launch in the first quarter of 2026.
- Market conditions remain fragile with ETH trading near $2.9k as CryptoQuant reports nearly 8.5 million ETH flowed into Binance in December, raising reserves to about 4.17 million and elevating near-term volatility risk.