Overview
- On January 14, BitMine deposited 186,560 ETH to the Beacon Chain, taking its staked total to about 1,530,784 ETH worth roughly $5.13 billion.
- The position represents close to 4% of all ETH staked, with total network staking near 36 million ETH, and establishes BitMine as the largest known corporate Ethereum staker.
- Ethereum’s validator entry queue has swelled to roughly 2.3 million ETH, implying wait times of about 40 days and tightening the network’s effective float.
- BitMine reports total holdings of about 4.17 million ETH with roughly 37% now staked, plus additional cash and investments that provide capacity to keep accumulating.
- Management cites potential annual rewards near $374 million at a ~2.81% composite staking rate and targets an early‑2026 launch of its MAVAN in‑house validator network, while a January 15 vote seeks to lift authorized shares from 500 million to 50 billion and the company has appointed Young Kim as CFO, COO, and a director.