Ethereum

bullish

Beacon

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.&nbsp;
Tom Lee-chaired BitMine Immersion Technologies (BMNR) added 186,560 ETH (worth around $625 million) to the “Beacon Depositor” address, <a href="https://x.com/lookonchain/status/2011260998393761969" rel="noopener noreferrer nofollow" target="_blank">reported</a> Lookonchain on Wednesday.
This brings the total amount staked by the world’s largest Ethereum (<a href="/ethereum-price" rel="noopener noreferrer">ETH</a>) 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 <a href="https://cointelegraph.com/news/bitmine-eth-holdings-chairman-expand-crypto-strategy" rel="noopener noreferrer nofollow">holds a total</a> of just over 4 million ETH, of which 37% has now been staked.&nbsp;
The move comes just a few days after it <a href="https://cointelegraph.com/news/ethereum-bitmine-1-million-staked-eth" rel="noopener noreferrer nofollow">crossed the 1 million milestone</a> in staked Ether.&nbsp;
On Monday, the firm <a href="https://x.com/BitMNR/status/2010706267291938829" rel="noopener noreferrer nofollow" target="_blank">reported</a> that it held 4,167,768 ETH, 192 Bitcoin (<a href="/bitcoin-price" rel="noopener noreferrer">BTC</a>), 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.&nbsp;
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2026-01/019bbb1a-2a70-726c-a943-ca05aba0be2d.jpg" title="" alt="BitMine’s staked Ether reaches 1.5M, equating to 4% of total staked">
 <figcaption style="text-align: center;">
 Bitmine continues to stack and stake Ether. Source: <a href="https://intel.arkm.com/explorer/entity/bitmine" rel="noopener noreferrer nofollow" target="_blank">Arkham Intelligence</a>
 </figcaption>
</figure>
<h2 id="bitmine-stock-rises-in-after-hours-trading">Bitmine stock rises in after-hours trading</h2>
BitMine stock climbed 3.8% in after-hours trading on Tuesday to reach $32.35, <a href="https://www.google.com/finance/quote/BMNR:NYSEAMERICAN" rel="noopener noreferrer nofollow" target="_blank">according</a> to Google Finance.&nbsp;
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.&nbsp;
Related: <a href="https://cointelegraph.com/news/crypto-treasury-buying-outpaces-bitcoin-supply-3x" rel="noopener noreferrer nofollow">Crypto treasury buying outpaces Bitcoin supply at 3-to-1</a>
Fundstrat’s Tom Lee, who chairs the firm, remains bullish on Ether and crypto in 2026 following a tumultuous end to 2025.&nbsp;
“We continue to view the leverage reset post October 10th, 2025, as akin to the ‘mini crypto winter.’ 2026 is the year crypto prices recover and with stronger gains in 2027-2028,” <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-168-million-tokens-and-total-crypto-and-total-cash-holdings-of-14-0-billion-302658171.html" rel="noopener noreferrer nofollow" target="_blank">said</a> Lee on Monday.&nbsp;
<h2 id="eth-price-surges-7-on-the-day">ETH price surges 7% on the day</h2>
Meanwhile, the price of Ether has just seen its largest daily gain in 2026, rising 7% over the past 24 hours.&nbsp;
The asset tapped $3,375, its highest level since Dec. 10, on Coinbase in early trading on Wednesday, <a href="https://www.tradingview.com/symbols/ETHUSD/?exchange=COINBASE" rel="noopener noreferrer nofollow" target="_blank">according</a> to TradingView.
Ether is approaching the upper bands of a two-month sideways channel and needs to <a href="https://cointelegraph.com/news/eth-s-back-at-3-2k-will-traders-flip-the-level-from-resistance-to-support" rel="noopener noreferrer nofollow">break resistance</a> above $3,400 to see any further meaningful momentum.&nbsp; 
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2026-01/019bbb1a-2fc1-7431-bf41-c7bb5c57f9f9.jpg" title="" alt="BitMine’s staked Ether reaches 1.5M, equating to 4% of total staked">
 <figcaption style="text-align: center;">
 Ether price hits resistance at the 200-day EMA. Source: <a href="https://www.tradingview.com/symbols/ETHUSD/?exchange=COINBASE" rel="noopener noreferrer nofollow" target="_blank">TradingView</a>
 </figcaption>
</figure>
 Magazine: <a href="https://cointelegraph.com/magazine/donald-trump-sam-bankman-fried-ftx-bitmine-ethereum-holder-hodlers-digest/" rel="noopener noreferrer nofollow">Trump rules out SBF pardon, Bitcoin in ‘boring sideways’: Hodler’s Digest</a>

BitMine’s staked Ether reaches 1.5M, equating to 4% of total staked

Table of Contents

Cointelegraph

Other articles published on Jan 14, 2026

Join our free newsletter for daily crypto updates!