Overview
- Blockchain trackers reported BitMine staked 118,944 ETH on Dec. 31, lifting its total staked position to about 461,504 ETH worth roughly $1.37 billion.
- Company disclosures and on-chain data place BitMine’s ETH treasury at roughly 4.07–4.11 million tokens, or about 3.4% of circulating supply, following late‑December additions including a weekly 44,463 ETH buy and a 32,938 ETH transfer linked to FalconX.
- Chairman Tom Lee said year‑end tax‑loss selling and automated trading pressured prices, as BitMine continued buying with ETH hovering near $2,900–$3,000.
- CryptoQuant data show nearly 8.5 million ETH flowed into Binance in December, pushing reserves to about 4.17 million ETH and increasing tradable supply that could heighten short‑term volatility.
- BitMine targets a Q1 2026 launch for its Made in America Validator Network and has a Jan. 15 shareholder meeting, while its stock remains down roughly 80% from July highs even as South Korean retail investors logged $1.4 billion in net purchases and $566 million flowed into a 2x leveraged ETF.