important notes
BitMine Immersion Technologies staked 342,560 ETH (approximately $1 billion) in 48 hours. The company’s total Ethereum holdings currently exceed 4.1 million ETH, or 3.41% of the total circulating supply. The entry queue for Ethereum validators has grown to more than 12 days, nearly doubling the size of the exit queue for the first time in six months.
Bitmine Immersion Technologies (NYSE:BMNR), chaired by Tom Lee, has staked approximately $1 billion worth of Ethereum.
Ethereum
$2,931
24 hour volatility:
0.4%
Market capitalization:
$35.423 billion
Vol. 24 hours:
$2.634 billion
deposit 342,560 ETH in 48 hours.
The move raises concerns about a potential ETH supply shock as institutional accumulation accelerates.
Tom Lee (@fundstrat)’s #Bitmine continues to move $ETH into staking.
In the past two days, #Bitmine has staked 342,560 ETH ($1 billion). https://t.co/P684j5YQaG https://t.co/pXHT9mCPUC pic.twitter.com/0Y9XBShQzI
— Lookonchain (@lookonchain) December 28, 2025
This aggressive staking has a direct impact on network dynamics. For the first time in six months, the entry queue of Ethereum validators has swelled to almost double the size of the exit queue.
Currently, the wait time for new validators to start staking is estimated to be over 12 days, with over 735,000 ETH pending activation.
In contrast, there is approximately 344,000 ETH held in the exit queue, with a waiting time of approximately 6 days.
According to the latest disclosure, Bitmine’s total holdings currently exceed 4.1 million ETH, representing 3.41% of the total circulating supply of Ethereum. The company’s goal, dubbed “5% Alchemy,” is to capture 5% of all ETH.
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Bitmine is currently working with three staking providers towards the launch of the commercial MAVAN (Made in America VAlidator Network) in 2026.As of December 28, 2025, the total amount of ETH staked on Bitmine is 408,627 ($1.2 billion at $2,948 per ETH).
– this is…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) December 29, 2025
BitMine Chairman Tom Lee positioned this accumulation as a strategic move to take advantage of market conditions.
At the time of writing, ETH is trading around $2,931, up 0.63% in the past 24 hours. Bitmine’s total cryptocurrency and cash holdings are currently valued at $13.2 billion.
Bitmine’s huge Ethereum stake suggests long-term yield strategy
With such a large amount of staking, Bitmine treats ETH not as a speculative product, but as a capital asset to generate yield.
This action will remove a significant amount of liquid ETH from exchanges, creating a potential supply squeeze.
Trading desks must now consider the increasing influence of a single large corporate treasury on validator queue times and the direct impact on available float.
The development of Bitmine’s own “Made in America Validator Network” (MAVAN) further signals a long-term commitment to this strategy, and may force other institutional investors to accelerate their own staking plans to avoid being left behind.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
Hamza is an experienced cryptocurrency editor/writer with a deep understanding of blockchain technology, cryptocurrency markets, and digital finance. He is passionate about making complex topics accessible and helping readers navigate the rapidly evolving world of cryptography.
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