Ethereum’s staking landscape is witnessing a major shift as BitMine has increased its staked Ether holdings beyond 1.5 million ETH, placing the firm among the most influential participants in the network’s proof-of-stake system. The latest move highlights the growing role of large institutional treasuries in Ethereum’s long-term security and yield generation.
BitMine recently staked an additional 186,560 ETH lifting its total staked balance to 1,530,784 ETH, currently valued at over $5 billion. This amount now accounts for around 4% of the total 36 million ETH staked on the Ethereum Beacon Chain, a notable share for a single entity.
Lookonchain reported on Wednesday;
BitMine currently controls more than 4 million ETH, meaning roughly 37% of its total Ether reserves are now locked in staking. This proportion could rise further as the firm continues to deploy idle assets into yield-generating strategies. The milestone comes shortly after BitMine crossed the 1 million ETH staking threshold, signaling an accelerated accumulation phase.
Beyond Ether, the company also holds Bitcoin reserves, substantial cash holdings, and equity investments, reinforcing its diversified digital asset treasury approach. At the network level, the Ethereum validator entry queue has climbed to 2.3 million ETH, the highest level seen since mid-2023, reflecting surging demand for staking participation.
Meanwhile, Ether prices surged 7% in the past 24 hours, briefly touching levels not seen since early December. Market observers note that a break above the $3,400 resistance zone could open the door for stronger momentum in the weeks ahead, as institutional confidence in Ethereum continues to build.
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