Tag: eth

Bitmine Adds 40,302 ETH as Staking Balance Reaches $5.7B

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Bitmine Immersion Technologies’ growing Ethereum staking position may translate into roughly $160 million in annual staking revenue at current rates, as more of its Ether holdings are put to work onchain. Bitmine, the largest publicly traded Ether treasury, said it added 40,302 Ether (ETH) over the past week, lifting total holdings to 4,243,338 million ETH. Bitmine’s staked ETH balance jumped by 171,264 ETH over the period, bringing total staked holdings to 2,009,267 ETH. Based on the 2.81% Composite Ethereum Staking Rate (CESR) cited by the company, a benchmark designed to…

Tom Lee’s Bitmine scoops 40,302 Ethereum as total staked exceeds 2 million ETH

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Bitmine Immersion Technologies, led by Thomas “Tom” Lee, announced today that its Ethereum holdings have grown to around 4.2 million units valued at over $12 billion following last week’s 40,302 ETH acquisition. The company has deposited over 2 million ETH worth $5.7 billion into staking and is well on track to release its MAVAN, or Made in America VAlidator Network, this quarter. Described as a “best-in-class” staking solution, MAVAN is currently in its pilot phase. The network plays a key role in Bitmine’s transformation from a passive ETH holder to…

Ethereum OG whale wakes up after nine years, deposits 50K ETH into Gemini

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A long-dormant Ethereum whale wallet deposited 50,000 ETH, worth approximately $145 million, into Gemini today after 9 years of inactivity, according to data tracked by Lookonchain. The transfer marks the first activity from this address since July 2017, when the investor accumulated 135,000 ETH from Bitfinex at approximately $90 per ETH. The holding has appreciated 32x. Large movements from dormant wallets often attract attention in crypto markets, where such transfers can signal potential selling pressure or portfolio rebalancing by early adopters. After sending funds to Gemini, it still holds over 85,000 ETH,…

Crypto ETP Outflows Top $1.73B As BTC And ETH Lead Losses

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Crypto investment products reversed course last week from solid inflows to one of the largest outflow weeks on record amid persistent bearish market sentiment. Crypto exchange-traded products (ETPs) saw $1.73 billion of outflows during the week, the biggest since mid-November 2025, CoinShares reported on Monday. “Dwindling expectations for interest rate cuts, negative price momentum and disappointment that digital assets have not participated in the debasement trade yet have likely fuelled these outflows,” said CoinShares’ head of research, James Butterfill. The latest outflows highlight the market’s sideways trading, following the prior…

Bitmine increases staked Ethereum to 1.9M ETH, valued at $5.7B: On-chain data

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BitMine Immersion Technologies, the publicly traded Ethereum treasury company led by Tom Lee, staked an additional 171,264 ETH worth $503 million today, according to data tracked by Lookonchain. Tom Lee(@fundstrat)’s #Bitmine staked another 171,264 $ETH($503.2M) 6 hours ago. In total, #Bitmine has now staked 1,943,200 $ETH($5.71B).https://t.co/P684j5YQaG pic.twitter.com/xrFAF4KKau — Lookonchain (@lookonchain) January 23, 2026 The firm’s total staked Ether now stands at about 1.9 million ETH, valued at roughly $5.7 billion. BitMine holds over 4 million ETH in total, representing approximately 3.5% of Ethereum’s circulating supply. The company has set a…

BlackRock moves $357M in BTC and $247M in ETH to Coinbase Prime

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Asset manager BlackRock transferred around 3,970 Bitcoin worth $357 million and 82,813 Ethereum valued at $247 million to Coinbase Prime today, according to data from Arkham Intelligence. Institutional deposits to exchanges often signal trading, rebalancing, or liquidity activity. BlackRock’s moves follow heavy outflows from its spot Bitcoin and Ethereum ETFs, with IBIT shedding $357 million and ETHA losing $250 million, data from Farside Investors shows. The US spot Bitcoin and Ethereum ETF market saw broad red on Wednesday, with eleven Bitcoin funds logging nearly $709 million in net outflows, their…

ETH Dip Buyers Absorb $130M Ether, But Risk Of $2.7K Drop Remains

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Ether (ETH) price saw a daily candle close below $3,000 on Tuesday, but a positive is that data showed large holders were buying throughout the dip. While ETH whale accumulation signals growing confidence, conflicting indicators suggest rising market risk for the altcoin. Key takeaways: ETH whales and institutional investors bought over $130 million in Ether as the price closed below $3,000 on Tuesday. BitMine added more than 92,500 ETH in January, showcasing the growing demand for staking yield. Whales bought the dip as ETH traded below $3,000 ETH dropped 7.83%…

Bitmine secures shareholder approval to increase authorized shares as ETH treasury expands

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Bitmine Immersion Technologies said shareholders approved a proposal to increase the company’s authorized share count, giving it added flexibility to support its long term Ethereum accumulation strategy. Proposal 2 passed with 81% of votes cast in favor, representing 52.2% of outstanding shares, following a vote at the company’s annual meeting on January 15, 2026. Chairman Tom Lee said the outcome signals investor support for BitMine’s capital strategy, adding that the company does not intend to issue shares below its modified net asset value, or mNAV. As of January 19, BitMine…

ETH Validator Exit Queue Hits Zero as Staking Demand Soars

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The massive staking inflows are strengthening ETH’s supply-demand dynamic, potentially setting the stage for upward price momentum this year. The Ethereum staking validator exit queue has dropped to zero — signaling a dramatic fall in selling pressure and strengthening confidence in Ether (ETH) as a yield-bearing asset. Data from Ethereum Validator Queue shows the exit queue has fallen from its September 2025 peak of 2.67 million Ether (ETH) to 0 ETH, while the entry queue has risen more than fivefold over the last month to 2.6 million ETH, the highest…

ETH Hits $3.4K But Several Factors Put A Pause On Ether’s Rally

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Key takeaways: ETH derivatives flash caution as pro traders remain neutral-to-bearish, and weak DApps demand and falling fees pressure Ether’s price. Corporate ETH buying and spot ETF inflows have not restored investor confidence, as lower staking yields and soft network activity persist. Ether (ETH) price experienced a two-day 4% correction after briefly reaching $3,400 on Wednesday. The move caught bulls by surprise, triggering $65 million in liquidations of leveraged long ETH futures. More importantly, professional traders have maintained a neutral-to-bearish stance, according to derivatives markets, despite ETH reaching its highest…