BitMine, Ethereum's digital asset treasury (DAT), has just staked one other great amount of Ether, bringing the full amount to over 1.5 million ETH.
Lookonchain reported on Wednesday that BitMine Immersion Technologies (BMNR), chaired by Tom Lee, added 186,560 ETH (price about $625 million) to the “beacon depositor” address.
This brings the full amount staked by the world's largest Ethereum (ETH) DAT to 1,530,784 ETH, price roughly $5.13 billion, representing 4% of the full 36 million ETH staked on the Beacon Chain.
This share could increase as the corporate holds a complete of just over 4 million ETH, of which 37% is now staked.
The move comes just days after Ether crossed the 1 million mile mark.
On Monday, the corporate reported that it owned 4,167,768 ETH, 192 Bitcoin (BTC), nearly $1 billion in money and a $23 million stake in Eightco Holdings.
Meanwhile, the entry queue for Ethereum stake validators has risen to 2.3 million ETH, the best level since August 2023.
Bitmine continues to stack and stake Ether. Source: Arkham Intelligence
Bitmine shares are rising in after-hours trading
BitMine shares rose 3.8% to $32.35 in after-hours trading on Tuesday, in accordance with Google Finance.
The company has had a solid begin to the 12 months, with share prices up 11.5% 12 months up to now consistent with the general rise in crypto markets.
Fundstrat's Tom Lee, the corporate's chairman, stays bullish on Ether and crypto in 2026 after a turbulent end to 2025.
“We proceed to view the leverage reset after October 10, 2025 as a type of ‘mini crypto winter’.” “2026 is the 12 months crypto prices will get better and see stronger gains in 2027-2028,” Lee said on Monday.
ETH price rises 7% on the day
Meanwhile, the worth of Ether just experienced its biggest every day increase in 2026, rising 7% within the last 24 hours.
The asset hit $3,375 in early trading on Coinbase on Wednesday, its highest level since December 10, in accordance with TradingView.
Ether is approaching the upper bands of a two-month sideways channel and wishes to interrupt resistance above $3,400 to achieve further significant momentum.
Ether price is facing resistance on the 200-day EMA. Source: TradingViewCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph's editorial guidelines and goals to supply accurate and up-to-date information. Readers are advised to independently confirm the knowledge. Read our editorial policies https://cointelegraph.com/editorial-policy
