January 14 News, Ethereum digital asset platform BitMine has once again increased its staking deployment. Its Ethereum staking volume has surpassed 1.5 million ETH, making it one of the largest Ethereum DATs in the world and occupying an important position in the beacon chain staking structure.
According to on-chain monitoring data, BitMine Immersion Technologies (BMNR) recently added an additional 186,560 ETH to the Ethereum deposit address, valued at approximately $625 million based on the current price. With this staking completed, BitMine’s total staked Ethereum has reached 1,530,784 ETH, with a total value of about $5.13 billion, accounting for roughly 4% of the current total staked ETH of 36 million on the beacon chain.
Overall, there is still room for further concentration growth in BitMine’s Ethereum staking sector. Data shows that the company currently holds over 4 million ETH, with about 37% already staked. This indicates that, under favorable market conditions and yield prospects, its staking proportion could continue to expand. Notably, just a few days ago, BitMine’s Ethereum staking volume broke through the 1 million ETH mark.
From an asset allocation perspective, BitMine disclosed that its latest holdings include approximately 4,167,768 ETH, 192 Bitcoin, nearly $1 billion in cash reserves, and about $23 million worth of Eightco Holdings shares, demonstrating a highly institutionalized approach to crypto asset allocation.
Meanwhile, staking activity on the Ethereum network is also heating up. The current validator queue for Ethereum has increased to about 2.3 million ETH, reaching a new high since August 2023, reflecting ongoing optimism among institutions and long-term investors regarding Ethereum’s staking yields and network security.
In the capital markets, BitMine’s stock price rose about 3.8% in after-hours trading, closing at $32.35. Overall, the company’s performance at the start of 2026 has been steady, with an increase of over 11% since the beginning of the year, aligning with the overall recovery trend of the crypto market. Company Chairman Tom Lee recently reiterated a relatively optimistic outlook for the 2026 crypto asset cycle, believing that the current stage is closer to the recovery starting point after a mid-term correction.
In terms of price, Ethereum has increased about 7% in the past 24 hours, recording the largest single-day gain since 2026. Overall, ETH is approaching the upper boundary of the recent two-month trading range. If it effectively breaks through the key resistance level around $3,400, it could open space for a new trend. Against the backdrop of continuous institutional staking expansion, changes in Ethereum’s medium-term supply and demand structure are becoming one of the core variables attracting market attention.
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