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Ethereum is bullish! Bullish! Bullish! Say it three times!
Ethereum validators are approaching 1 million ETH in the queue!
On January 3rd, BitMine Immersion Technologies recently added 82,560 ETH to the Ethereum staking system, worth approximately $259 million, pushing the number of Ethereum validators in the queue close to 1 million ETH, with new validators expected to wait nearly 17 days.
On-chain data shows that BitMine has currently staked a total of 544,064 ETH, worth about $1.62 billion at current prices. The company began large-scale ETH staking on December 26, 2025, and plans to expand its staking scale in Q1 2026 through its self-built MAVAN (Made in USA Validator Network).
Influenced by continuous institutional entry like BitMine, Ethereum validators in the queue amount to about 977,000 ETH, while only about 113,000 ETH have exited the queue. Currently, 35.5 million ETH are staked across the network, accounting for approximately 29% of the total supply, with an annualized staking yield of about 2.54%.
Additionally, BitMine Chairman Tom Lee is pushing to increase the company's authorized shares to 50 billion shares to cope with potential surges in ETH price, and hinted that in extreme bull market scenarios, ETH prices could have significant upside potential. $ETH