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5h ago

BitMine Tops 1 Million Staked ETH, Treasury Hits 4.17 Million Ahead of Shareholder Vote

The outcome will decide if BitMine can boost authorized shares to keep funding its 5% Ethereum supply target.

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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
Tom lee’s bitmine expands staking with 86,400 ethereum, $266m move

Overview

  • BitMine added 86,400 ETH on January 10, bringing its staked total to 1,080,512 ETH worth about $3.3 billion, according to on‑chain trackers.
  • The company now holds roughly 4.17 million ETH, or about 3.45% of circulating supply, after a slower weekly buy of 24,266 ETH worth $75.6 million.
  • Ethereum’s Beacon Chain entry queue has swelled to about 1.76 million ETH with waits exceeding 30 days, while the exit queue has fallen to zero.
  • BitMine plans to launch its Made‑in‑America Validator Network in early 2026 and projects about $374 million in annual staking income at full deployment (company estimate).
  • A January 15 vote in Las Vegas requires 50.1% of outstanding shares to approve increasing authorized shares, and the company says ETH accumulation would slow without it.