Overview
- BitMine disclosed ownership of 4,203,036 ETH, roughly 3.48% of circulating supply, after adding 35,268 ETH in the past week.
- The company has about 1.8 million ETH staked, including a recent 86,848 ETH deposit, with the staked tranche valued near $5.6–$5.9 billion.
- On-chain trackers show the validator entry queue has swollen to roughly 2.5–2.7 million ETH, producing activation waits of 44 days or more and widely tied to BitMine’s inflows.
- Shareholders approved a rise in authorized shares with 81% of votes cast, giving BitMine flexibility to fund further ETH purchases while pledging not to issue below modified NAV.
- BMNR shares fell around 7–8% during Tuesday’s market pullback, and a security researcher said recent address and transaction spikes may reflect cheaper address‑poisoning spam after December’s fee‑reducing upgrade.