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4h ago

BitMine’s Staked Ethereum Surges to About 1.19 Million After New Deposits

At current network yields the position is projected to earn roughly $90–$103 million annually, signaling a pivot toward recurring treasury income.

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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

  • On-chain trackers report BitMine has now staked roughly 1.19 million ETH after fresh deposits, up from 1.08 million over the weekend.
  • An 86,400 ETH tranche on January 10 followed a series of large moves since December 26, taking staked value to about $3.3–$3.7 billion depending on price.
  • Total Ethereum holdings exceed 4.1 million ETH, or about 3.4% of circulating supply, with roughly one-quarter currently staked.
  • Ethereum’s staking entry queue has swelled to around 1.76–1.8 million ETH with more than 30 days of wait time, while the exit queue has fallen to zero.
  • BitMine is preparing its Made-in-America Validator Network for in-house operations as a publicly traded firm (BMNR) pursues a long-term staking strategy.