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Ethereum’s validator entry queue has climbed toward 1 million ETH, with an estimated wait time of nearly 17 days for new validators to become active.BitMine Immersion Technologies has added another 82,560 Ether, worth roughly $259 million, to Ethereum’s staking system, intensifying congestion in the network’s validator entry queue as institutional demand for yield continues to build.
) treasury firm sent multiple large deposits to Ethereum’s BatchDeposit contract within the past few hours. With the new stake, BitMine’s total staked ETH has climbed to 544,064 Ether, valued at approximately $1.62 billion at current prices,plans to begin staking Ether in the first quarter of 2026 through an internal infrastructure known as the Made-in-America Validator Network . The company said it had selected three institutional staking providers for an initial pilot, deploying a limited amount of ETH to evaluate performance, security and operational reliability before expanding the program.Meanwhile, BitMine’s aggressive staking push has helped push Ethereum’s validator entry queue to roughly 977,000 ETH, with an estimated wait time of nearly 17 days for new validators to become active,Ethereum’s network data shows that more than 35.5 million ETH, or roughly 29% of total supply, is now staked, while the annualized staking yield stands near 2.54%.in an X post last week that the last time the entry and exit queue flipped in June, Ether “doubled in price shortly after,” and predicted that “2026 going to be a movie.”in the company’s authorized share count to 50 billion, arguing the move is needed to accommodate future stock splits if Ether’s price drives BitMine’s valuation higher. Lee said the company’s share price closely tracks ETH and modeled scenarios in which Ether reaches $250,000 if Bitcoin climbs to $1 million, a level that would push BitMine shares to prices he believes would price out most retail investors.
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