Ethereum digital asset treasury BitMine has staked another substantial batch of Ether, pushing its total staked holdings beyond 1.5 million ETH.
BitMine Immersion Technologies added 186,560 ETH, worth roughly $625 million, to its Beacon Chain deposit address.
The move brings BitMine’s total staked Ether to approximately 1,530,784 ETH.
At current prices, that stake is valued at about $5.13 billion.
The amount represents roughly 4% of the total Ether staked on the Ethereum Beacon Chain.
BitMine still holds more than 4 million ETH overall, meaning additional staking could follow.
The latest deposit comes just days after the firm surpassed the 1 million ETH staked milestone.
Earlier this week, the company reported holdings of over 4.16 million ETH, 192 Bitcoin, nearly $1 billion in cash, and a minority stake in Eightco Holdings.
At the same time, Ethereum’s validator entry queue has surged to 2.3 million ETH, the highest level since mid-2023.
BitMine Shares Rise As Ether Surges
BitMine’s stock climbed 3.8% in after-hours trading, reflecting investor optimism surrounding the company’s growing crypto exposure.
Shares have risen more than 11% so far this year alongside broader gains in digital asset markets.
Fundstrat’s Tom Lee, who chairs the firm, reiterated his bullish outlook for crypto heading into 2026.
“We continue to view the leverage reset post October 10th, 2025, as akin to the ‘mini crypto winter,’” Lee said.
He added that 2026 could mark a recovery year, with stronger gains possible in 2027 and 2028.
Meanwhile, Ether recorded its largest daily gain of the year, rising 7% over the past 24 hours.
The price briefly touched $3,375, its highest level since early December.
Ether is now testing the upper boundary of a two-month trading range.
Analysts say a decisive break above $3,400 would be needed to signal renewed upside momentum.
