Key Notes
- BitMine has staked 1.53 million ETH.
- The company now controls about 4% of all ETH staked on the Beacon Chain.
- A January 15 shareholder vote could decide whether BitMine can keep scaling its ETH treasury strategy.
BitMine has increased its staked Ethereum
ETH
$3 292
24h volatility:
5.1%
Market cap:
$397.02 B
Vol. 24h:
$37.77 B
again. The company deposited 186,560 ETH into the Beacon Chain and now has a total staked balance of 1,530,784 ETH.
At current prices, the staked position is worth roughly $5.13 billion.
The transfer was sent to the Beacon Depositor address on January 14 and came just days after BitMine crossed the 1 million ETH staking mark despite a broader bearish market.
Balance Sheet Snapshot
BitMine now controls about 4% of all ETH staked on the Beacon Chain. Total network staking stands near 36 million ETH.
This makes BitMine the largest known corporate Ethereum staker globally.
Also, the company holds more than 4 million ETH in total. Roughly 37% of its Ether balance is now staked.
As of January 12, BitMine reported holdings of 4,167,768 ETH, 192 Bitcoin
BTC
$94 991
24h volatility:
3.3%
Market cap:
$1.90 T
Vol. 24h:
$68.45 B
, close to $1 billion in cash, and a $23 million equity stake in Eightco Holdings.
The firm has the flexibility to keep acquiring and staking ETH without immediate funding pressure.
The staking push comes as Ethereum’s validator entry queue has surged to 2.3 million ETH. This is the highest level since August 2023 and indicates increasing competition for validator slots.
It is important to note that ETH turned bullish in the past 24 hours alongside other cryptocurrencies.
The token gained about 7%, briefly breaking the $3,300 price tag. At press time, ETH trades at $3,286.
January 15 Vote
On January 15, shareholders will vote on Proposal 2, which would raise BitMine’s authorized share count from 500 million to 50 billion.
Management said that the goal is to avoid hitting a capital threshold as the ETH treasury grows.
If the proposal fails, BitMine will eventually lose the ability to issue new equity for ETH purchases.
That would cap growth and limit future acquisitions to its existing cash balance of roughly $988 million.
The vote requires a simple majority. A rejection could delay expansion for months through reconvened meetings.
On the other hand, ahead of the vote, BitMine appointed Young Kim as Chief Financial Officer, Chief Operating Officer, and board member.
Kim brings over two decades of experience across asset management, venture capital, and engineering.
Management is expected to outline post‑vote plans at the annual meeting in Las Vegas, including updates on its Made in America Validator Network and potential open‑market ETH purchases on Jan. 15.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Parth Dubey on LinkedIn
Source: https://www.coinspeaker.com/bitmine-staked-eth-now-hits-1-5m/
