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Stock impact report

BitMine Staked ETH Now Hits 1.5M, Major Vote to Decide Company's Ethereum Policy [Yahoo! Finance]

Eightco Holdings Inc. (ORBS) 
Company Research Source: Yahoo! Finance
At current prices, the staked position is worth roughly $5.13 billion. The transfer was sent to the Beacon Depositor address on January 14 and came just days after BitMine crossed the 1 million ETH staking mark despite a broader bearish market. BitMine now controls about 4% of all ETH staked on the Beacon Chain. Total network staking stands near 36 million ETH. This makes BitMine the largest known corporate Ethereum staker globally. Also, the company holds more than 4 million ETH in total. Roughly 37% of its Ether balance is now staked. As of January 12, BitMine reported holdings of 4,167,768 ETH, 192 Bitcoin , close to $1 billion in cash, and a $23 million equity stake in Eightco Holdings. The firm has the flexibility to keep acquiring and staking ETH without immediate funding pressure. The staking push comes as Ethereum's validator entry queue has surged to 2.3 million ETH. This is the highest level since August 2023 and indicates increasing competition for validator Show less Read more
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