Quick Breakdown
- BitMine staked $625M worth of ETH, lifting its total staked holdings above 1.5 million ETH.
- The firm now controls 4% of all staked Ether, with significant room to increase exposure.
- ETH jumped 7%, while BitMine shares gained nearly 4% in after-hours trading.
Ethereum-focused digital asset treasury firm BitMine Immersion Technologies has deepened its long-term bet on Ether after staking another massive batch of ETH, pushing its total staked holdings beyond 1.5 million ETH.
Tom Lee(@fundstrat)’s #Bitmine staked another 186,560 $ETH($624.8M) in the past 8 hours.
In total, #Bitmine has now staked 1,530,784 $ETH($5.13B).https://t.co/P684j5YQaG pic.twitter.com/cgeVvUPy7d
— Lookonchain (@lookonchain) January 14, 2026
Blockchain analytics platform Lookonchain reported on Wednesday that the Tom Lee-chaired firm deposited 186,560 ETH, worth roughly $625 million, into Ethereum’s Beacon Chain via its “Beacon Depositor” address.
The latest move brings BitMine’s total staked Ether to 1,530,784 ETH, valued at approximately $5.13 billion. That figure represents about 4% of all Ether currently staked on the network, making BitMine the world’s largest Ethereum digital asset treasury.
Notably, the company still has room to increase its staking exposure. BitMine holds just over 4 million ETH, meaning only 37% of its Ether reserves are currently staked.
BitMine Holdings grows as staking demand surges
The fresh staking activity comes just days after BitMine crossed the 1 million ETH staked milestone, underscoring a rapid accumulation strategy.
As of Monday, the firm disclosed holdings of 4,167,768 ETH, 192 Bitcoin, nearly $1 billion in cash, and a $23 million equity stake in Eightco Holdings.
At the same time, Ethereum staking demand across the network has intensified. The validator entry queue has surged to 2.3 million ETH, marking its highest level since August 2023, as institutions and large holders rush to secure validator slots.
Ether rallies as BitMine shares climb
BitMine’s aggressive staking strategy appears to be resonating with investors. BMNR shares rose 3.8% in after-hours trading on Tuesday, closing at $32.35, according to Google Finance. The stock is now up 11.5% year-to-date, tracking the broader crypto market recovery.
Fundstrat co-founder Tom Lee, who chairs BitMine, remains optimistic about Ether’s outlook following the sharp market correction in late 2025.
“We view the leverage reset after October 10, 2025, as a mini crypto winter,”
Lee said on Monday. “2026 is the year of recovery, with even stronger gains expected in 2027 and 2028.”
Ether itself posted its largest daily gain of 2026, jumping 7% in the past 24 hours. The price briefly touched $3,375 on Coinbase in early Wednesday trading, its highest level since December 10, according to TradingView.
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