BitMine Staked ETH Now Hits 1.5M, Major Vote to Decide Company’s Ethereum Policy

Core Insights - BitMine has increased its staked Ethereum to a total of 1,530,784 ETH, valued at approximately $5.13 billion [1] - The company now controls about 4% of all ETH staked on the Beacon Chain, making it the largest known corporate Ethereum staker globally [2] - BitMine holds over 4 million ETH in total, with roughly 37% of its Ether balance staked [2] Financial Position - As of January 12, BitMine reported holdings of 4,167,768 ETH, 192 Bitcoin, nearly $1 billion in cash, and a $23 million equity stake in Eightco Holdings [2] - The company has the flexibility to continue acquiring and staking ETH without immediate funding pressure [3] Market Context - Ethereum's validator entry queue has surged to 2.3 million ETH, indicating increased competition for validator slots [3] - ETH has recently turned bullish, gaining about 7% and briefly breaking the $3,300 price mark [3] Corporate Governance - On January 15, shareholders will vote on a proposal to raise BitMine's authorized share count from 500 million to 50 billion [4] - If the proposal fails, BitMine may lose the ability to issue new equity for ETH purchases, limiting future growth [4][5] - BitMine appointed Young Kim as Chief Financial Officer, Chief Operating Officer, and board member ahead of the vote [5] Future Plans - Management is expected to outline post-vote plans at the annual meeting in Las Vegas, including updates on its Made in America Validator Network and potential open-market ETH purchases [6]