BitMine Immersion Technologies (BMNR), chaired by Tom Lee, has just made a significant move in the Ethereum (ETH) ecosystem.
The company staked another large batch of Ether, bringing its total holdings in staked ETH to a staggering 1.5 million.
This hefty addition includes 186,560 ETH, worth roughly $625 million, which was deposited into the “Beacon Depositor” address.
This action has propelled BitMine to a dominant position, holding over 1.53 million ETH—valued at $5.13 billion.
The staked ETH now represents a notable 4% of all Ether currently staked on the Beacon Chain, which totals around 36 million ETH.
The move positions BitMine as the largest Ethereum Digital Asset Treasury (DAT) in the world, and the company’s dominance could continue to grow as it holds more than 4 million ETH in total. Of this amount, 37% has now been staked.
A Rapid Climb: From 1 Million ETH to 1.5 Million
BitMine’s latest ETH stake comes just days after the firm celebrated crossing the 1 million ETH mark in staked Ether.
This increase is part of the company’s broader strategy to build a robust Ethereum position.
As of this week, BitMine holds a diverse portfolio including 4,167,768 ETH, 192 Bitcoin (BTC), nearly a billion dollars in cash, and a $23 million stake in Eightco Holdings.
The company’s staking activity aligns with the broader trend of Ethereum’s increasing adoption and network participation.
The Ethereum staking validator entry queue has surged to 2.3 million ETH—its highest point since August 2023—indicating growing interest in locking up Ether for staking rewards.
BitMine’s Stock Performance Shows Market Confidence
On the financial front, BitMine’s stock has also been on an upward trajectory.
After-hours trading on Tuesday saw its stock price climb by 3.8%, reaching $32.35.
This positive movement follows an 11.5% increase in share prices so far this year, mirroring the overall rise in the broader cryptocurrency market.
This uptick in stock price is reflective of the increasing investor confidence in BitMine’s strategy and Ethereum’s future.
The firm has made a strong case for itself in the crypto space, and its market performance suggests that investors are optimistic about its continued growth.
Tom Lee’s Bullish Stance on Ether
Tom Lee, a long-time crypto advocate and the chair of BitMine, has remained positive on the future of Ether and the broader crypto market.
Lee has consistently voiced his bullish outlook, despite the rocky end to 2025.
He believes that 2026 will mark the start of a recovery for crypto prices, with even stronger growth expected in 2027 and 2028.
In his view, the market’s volatility post-October 2025 was a necessary “leverage reset,” akin to a “mini crypto winter.”
Lee remains confident that the crypto market will bounce back in the coming years, with Ethereum likely to lead the charge.
Ethereum’s Price Surge: A 7% Jump in One Day
Meanwhile, Ethereum’s price has seen a significant jump.
In the past 24 hours, Ether surged by 7%, reaching $3,375 on Coinbase.
This marks the highest price for ETH since December 10, 2025.
The price has been in a two-month sideways channel, and analysts believe Ether needs to break through the $3,400 resistance level to generate meaningful upward momentum.
As Ethereum continues to approach this resistance level, the cryptocurrency’s next moves could be pivotal for the broader market, especially with so much attention now on BitMine’s staking activities and Ethereum’s evolving role in the crypto ecosystem.
Looking Ahead: What’s Next for Ethereum?
As we look toward 2026, Ethereum’s position in the crypto market remains strong.
With major players like BitMine continuing to stack and stake Ether, the network’s growing importance is undeniable.
The next few months could bring more developments, especially as the validator queue grows and as Ether’s price looks to break key resistance levels.
For investors, the question remains: Will Ethereum’s momentum continue? The upcoming months will be crucial, and many will be watching to see if BitMine’s confidence in Ether pays off.
With strong support from key market figures like Tom Lee, Ethereum could be in for a transformative year ahead.
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