Breakthrough! BitMine’s ETH Staked Hits 1.5M – Major Vote Incoming! 🚀

by

Breaking News: Your Favorite Bitcoin Miner Might Be Becoming an Ethereum Emperor 👑

Hold onto your digital hats, folks. BitMine just cranked up its Ethereum stake again, now officially chilling with 1,530,784 ETH-equivalent to roughly $5.13 billion. Yes, billion with a B. Because why not? 😎

They deposited 186,560 ETH into the Beacon Chain, which is basically like saying, “Hey, Ethereum, I love you so much I’m staking everything I’ve got.” The current ETH price? A modest $3,354. Just a little pocket change, right? 💸

Ethereum logo and staking

Tom Lee from FundStrat just casually announced that BitMine staked another 186,560 ETH worth $624.8 million in the past 8 hours. Because sleep is for the weak, apparently. – Lookonchain (@lookonchain)

Balance Sheet Extravaganza

BitMine now controls about 4% of all ETH staked on the Beacon Chain-more than some countries. They’re the big players in the Ethereum poker game, holding over 4 million ETH (~$13.7 billion). Talk about a flex. 💪

And they still have close to a billion dollars in cash, plus a tiny $23 million stake in Eightco Holdings just for fun. Essentially, they’re the wallet version of a hoarder-except instead of old newspapers, it’s ETH.

Meanwhile, Ethereum’s validator queue hit 2.3 million ETH-like waiting in line for a roller coaster that never comes down. The crypto party is getting crowded! 🎢

ETH made a little bounce, jumping about 7%, breaking the $3,300 barrier for a hot second-like teenagers trying to break the internet. It’s now hanging out at $3,286.

Big Vote Alert: The Future of BitMine & ETH Expansion

On January 15, shareholders are deciding whether to let BitMine grow from 500 million to a gigantic 50 billion shares. The goal? So they can keep buying ETH without running out of room-or money. They’re basically saying, “Go big or go home.”

$BMNR might hit $45 or $25 this week-stay tuned, or just watch the roller coaster. Ethereum investors are nervously biting their nails as the big shareholder vote looms. If they say no, no new ETH buying, no new growth. Basically, it’s Game of Thrones-except with more spreadsheets. – @neonaveed

If they don’t get the green light, growth will hit a wall, and future ETH acquisitions will depend solely on existing cash-roughly $988 million instead of unlimited funds. Not quite the same, right?

Good news-BitMine appointed Young Kim as CFO, COO, and board member. Because nothing says “We’re serious” like triple roles from a guy with two decades of experience in asset management, VC, and engineering. And no, this isn’t a typo, it’s a power move. ⚡

The management team will reveal their master plan in Las Vegas during the annual meeting-think of it as the final episode, where they unveil their latest brilliant scheme, including plans for a Made in America Validator Network and maybe some ETH market shenanigans on Jan. 15.

Read More

2026-01-14 19:21