Today, Tom Lee’s BitMine Immersion Technologies elevated its Ethereum holdings by staking an additional 86,400 $ETH, or $266.3 million in a single action. The staking strengthens Bitmine’s standing as a main participant within the cryptocurrency staking enterprise, bringing the amount staked to 1,080,512 ETH, or approximately $3.33 billion.
In response to Arkham knowledge, the Ether treasury firm made plenty of little deposits to Ethereum’s BatchDeposit contract on Sunday. On-chain knowledge show veil that on the most up-to-date designate of $ 3,091.40 ETH, BitMine now holds approximately 2.738 million ETH, worth approximately $8.46 billion.
BitMine expands Ethereum staking amid boost
Tom Lee(@fundstrat)’s #Bitmine staked but some other 86,400 $ETH($266.3M) 5 hours ago.
In total, #Bitmine has now staked 1,080,512 $ETH($3.33B).https://t.co/P684j5YQaG pic.twitter.com/TpEf32m6AF
— Lookonchain (@lookonchain) January 11, 2026
The sizzling staking follows the Ether treasury company’s staking of 82,560 Ethereum, worth roughly $259 million, five days ago. Corresponding to the most up-to-date staking, the company made bigger deposits on Ethereum’s BatchDeposit contract.
After staking 82,560 tokens, your total amount of Ethereum staked by BitMine elevated to 544,064 Ether, worth about $1.62 billion. In response to on-chain analyst Lookonchain, the corporate started staking Ether on December 26 and transferred approximately 74,880 ETH tokens, worth round $219 million, to staking-connected contracts on the Ethereum network.
The 74,880 ETH deposit marked Bitmine’s first are attempting and generate income from staking its property. Corresponding to Strategy’s Bitcoin procuring for program, the firm constructed up its Ethereum holdings by methodical acquisitions.
Bitmine’s resolution to stake implies that the firm plans to preserve Ethereum for an prolonged duration in set apart of aggressively trading the gap.
The packed with life staking push has helped power Ethereum’s validator admission queue to approximately 1,815,746 Ethereum.
In response to the Ethereum Validator Queue on the blockchain explorer, new validators have to wait an estimated 31 days and 13 hours to change into active. Exit task remains comparatively low, with itsy-bitsy over 192,000 Ethereum accessible for withdrawal.
Amid this rising validator backlog, BitMine started preparing its own staking infrastructure to enter the market final November strategically.
On November 21, final year, BitMine launched its arrangement to get dangle of basically the most of an internal infrastructure known as the Made-in-The United States Validator Network (MAVAN) to launch staking Ether within the most main quarter of 2026. The firm selected three institutional staking suppliers for an preliminary trial sooner than rising the program, deploying a little amount of Ethereum to evaluate efficiency, security, and operational dependability.
Ethereum’s network statistics show veil that about 35.5 million Ethereum, or about 29% of the total provide, are at show veil staked. The yearly staking yield is approximately 2.54%.
In an X submit, Abdul Rehman, CEO of DeFi at layer-1 blockchain Monad, stated that Ether’s designate doubled like a flash after the entry and exit queue flipped in June. 2026 is “going to be a movie,” in accordance along with his prediction.
Lee predicts Ethereum surge amid market restoration
As of December 29 of final year, Bitmine reported a total retaining of 4.11 million Ethereum, 192 Bitcoins, and a $23 million passion in Eightco property. BitMine’s total crypto and cash property amount to nearly about $13.2 billion, with over $1 billion in cash.
The company is approximately two-thirds of the means in opposition to achieving its “alchemy of 5%” purpose, with the ether space accounting for approximately 3.41% of the network’s circulating provide of over 120.7 million ETH.
“We continue to be the best ‘contemporary cash’ buyer of ETH on the earth. Year-pause tax-loss connected promoting is pushing down crypto and crypto fairness costs, and this enact tends to be the best from 12/26 to 12/30, so we are navigating markets with this in thoughts.”
Tom Lee, Chairman of BitMine.
Mr. Lee expressed a bullish outlook for Ethereum in an announcement on December 26, predicting that Ethereum would possibly well well additionally reach $7,000 to $9,000 in early 2026. In response to Lee, the means ahead for cryptocurrency “is restful if truth be told factual for the following five to ten years.”
Lee referred to tokenization as Ethereum’s main boost engine. He projected that the token would sooner or later reach $20,000 as Ethereum competes with established cost methods.
In response to the October 10 reversal in cryptocurrency final year, the chairman described it as “a liquidation event that used to be a much like 2022 when FTX collapsed.” In response to Lee, it took the markets eight weeks to recover and stabilize.
