- BitMine now controls about 4% of all staked ETH on the Beacon Chain.
- Ethereum’s validator queue has surged to its highest level since 2023.
- Rising staking demand is tightening supply and supporting ETH prices.
Ethereum’s staking economy just hit another major milestone. BitMine Immersion Technologies, one of the largest corporate holders of Ether, has added a massive new tranche of ETH to the Beacon Chain, lifting its total staked balance above 1.5 million ETH. The move strengthens BitMine’s position as the world’s biggest Ethereum-focused digital asset treasury and highlights growing institutional confidence in long-term ETH yields.
The latest staking deposit comes as Ether prices rally and validator demand surges, reshaping the supply dynamics of the network.
BitMine Deepens Its Ethereum Commitment
On Wednesday, blockchain data showed BitMine depositing more than 186,000 ETH into its staking address, an allocation valued at roughly $625 million at current prices. That brings the firm’s total staked Ether to about 1.53 million ETH—around 4% of all ETH currently locked on the Beacon Chain.
The scale matters. Ethereum has roughly 36 million ETH staked in total, meaning BitMine alone controls a meaningful slice of validator participation. And the company may not be done. Out of its total holdings of just over 4 million ETH, only about 37% has been staked so far, leaving room for further expansion if market conditions remain favorable.
Validator Queue Signals Surging Demand
BitMine’s move coincides with a sharp rise in Ethereum’s validator entry queue, which has climbed to around 2.3 million ETH—its highest level since mid-2023. A crowded queue typically signals strong demand to earn staking rewards, but it also slows new validator activation, tightening liquid supply in the short term.
This combination—large-scale corporate staking and a swelling queue—adds to the narrative that Ether is increasingly being treated as a yield-bearing asset rather than just a trading vehicle.
Markets React as ETH and BitMine Shares Climb
The market response has been swift. Ether jumped roughly 7% in the past 24 hours, marking its strongest daily gain of 2026 so far. Prices briefly touched the mid-$3,300s, hovering near a key resistance zone that traders are closely watching.
BitMine’s stock also moved higher, rising nearly 4% in after-hours trading and extending its year-to-date gains into double digits. Investors appear to be rewarding the firm’s aggressive Ethereum strategy, which is backed not only by crypto holdings but also by substantial cash reserves and smaller equity investments.
Tom Lee, who chairs BitMine, has framed the company’s strategy as a long-term bet on crypto’s recovery after late-2025 volatility. With staking yields, reduced circulating supply, and renewed institutional participation, Ethereum’s fundamentals are drawing renewed attention in 2026.
If BitMine continues converting idle ETH into staked assets, its influence on Ethereum’s staking landscape—and investor sentiment—could grow even further.
Also Read: BitMine Buys 24,000+ ETH Before Vote—Here’s Why It Matters
BitMine’s push past 1.5 million staked ETH underscores a broader shift in how large players engage with Ethereum. As staking demand rises and supply tightens, the firm’s strategy highlights why Ether is increasingly viewed as both a productive asset and a long-term store of value.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. CoinBrief.io is not responsible for any financial losses.
