BitMine’s Ethereum Gamble: 4% Staked, 5% Target, and a Stock Price That’s Too Confident 💸

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BitMine stakes $5.13B worth of ETH, now owns 4% of the Beacon Chain’s staked Ether. Also, their validator queue is so long it could double as a Moscow subway line. 🚀

BitMine Immersion Technologies has, in a fit of crypto-enthusiasm, staked 1.53 million ETH. This is roughly 4% of all ETH locked in the Beacon Chain, or as we like to call it, “The Great Ethereum Vault.”

This week, they added 186,560 ETH in one go-a transaction so large it made Ethereum gas fees shudder. Their total holdings now hover around $5.13 billion, because why not?

BitMine’s ETH Staking Spree: When You’re Not Sure If It’s an Investment or a Casino 🎰

According to Lookonchain, BitMine staked $625 million worth of ETH this week. The transaction was so smooth it probably made the blockchain blush. The funds were sent to their Beacon Depositor address, which is now busier than a Ukrainian wedding.

Tom Lee’s gang staked another 186,560 ETH ($624.8M) in 8 hours. Total staked: 1,530,784 ETH ($5.13B). – Lookonchain (@lookonchain)

This brings their total to 1,530,784 ETH, valued at $5.13 billion. At 4% of the Beacon Chain’s staked ETH, they’re basically the Vlad the Impaler of crypto-ruthless and slightly terrifying.

BitMine’s been staking like it’s a Black Friday sale. Last week, they hit 1 million ETH staked. This week? They’re eyeing 5%. One wonders if they’ve considered buying a lottery ticket instead.

BitMine’s Treasury: More ETH Than a Siberian Winter Has Snowflakes ❄️

Tom Lee’s brainchild now holds 4.168 million ETH (3.45% of the total supply). At $3,119 per ETH, that’s $14 billion in crypto and cash. Their goal? $1 million daily staking revenue. Ambition? Check. Sanity? Debatable.

JUST IN: BitMine bought 24,266 ETH last week. Total holdings: $14.0B in crypto + cash. Targeting $1M+/day in staking revenue. – Crypto Patel (@CryptoPatel)

With 1.25 million ETH staked and a stock price that rose 3..8% after-hours (because of course it did), BitMine is prepping for its 2026 Annual Meeting at Wynn Las Vegas. No word yet if they’ll serve caviar or just crypto-themed canapés.

Ethereum’s Validator Queue: So Long It’s Practically a Russian Novel 📚

The ETH validator queue now holds 2.3 million ETH-the longest since August 2023. It’s the blockchain equivalent of waiting in line for Soviet-era bread: tedious, inevitable, and vaguely dystopian.

Meanwhile, Ethereum’s price hit $3,375, rising 7% in 24 hours. This is great news for bulls and terrible news for anyone trying to remain emotionally stable.

Related Reading: Tom Lee’s BitMine Adds 24,266 Ethereum Before BMNR Vote Deadline

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2026-01-14 17:51