Ethereum digital asset treasury (DAT) BitMine has just staked another huge batch of Ether, bringing its total amount staked to over 1.5 million ETH.ย
Tom Lee-chaired BitMine Immersion Technologies (BMNR) added 186,560 ETH (worth around $625 million) to the โBeacon Depositorโ address, reported Lookonchain on Wednesday.
This brings the total amount staked by the worldโs largest Ethereum (ETH) DAT to 1,530,784 ETH, worth approximately $5.13 billion, equating to 4% of the total 36 million ETH staked on the Beacon Chain.
This share could still increase as the company holds a total of just over 4 million ETH, of which 37% has now been staked.ย
The move comes just a few days after it crossed the 1 million milestone in staked Ether.ย
On Monday, the firm reported that it held 4,167,768 ETH, 192 Bitcoin (BTC), almost a billion dollars in cash, and a $23 million stake in Eightco Holdings.
Meanwhile, the Ethereum staking validator entry queue has skyrocketed to 2.3 million ETH, its highest level since August 2023.ย
Bitmine stock rises in after-hours trading
BitMine stock climbed 3.8% in after-hours trading on Tuesday to reach $32.35, according to Google Finance.ย
The company has had a solid start to the year, with share prices gaining 11.5% year to date in tandem with the broader rise in crypto markets.ย
Related: Crypto treasury buying outpaces Bitcoin supply at 3-to-1
Fundstratโs Tom Lee, who chairs the firm, remains bullish on Ether and crypto in 2026 following a tumultuous end to 2025.ย
โWe continue to view the leverage reset post October 10th, 2025, as akin to the โmini crypto winter.โ 2026 is the year crypto prices recover and with stronger gains in 2027-2028,โ said Lee on Monday.ย
ETH price surges 7% on the day
Meanwhile, the price of Ether has just seen its largest daily gain in 2026, rising 7% over the past 24 hours.ย
The asset tapped $3,375, its highest level since Dec. 10, on Coinbase in early trading on Wednesday, according to TradingView.
Ether is approaching the upper bands of a two-month sideways channel and needs to break resistance above $3,400 to see any further meaningful momentum.ย
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