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Ethereum Validator Queue Nearing 1 Million ETH
BlockBeats News, January 3rd, BitMine Immersion Technologies recently added an additional 82,560 ETH to the Ethereum staking system, worth approximately $2.59 billion, pushing Ethereum validators closer to the queue of nearly 1 million ETH, with a estimated wait time of around 17 days.
On-chain data shows that BitMine currently has a total of 544,064 ETH staked, valued at approximately $16.2 billion at the current price. The company began large-scale ETH staking on December 26, 2025, and plans to expand its staking scale in the first quarter of 2026 through its self-built MAVA (Made-in-America Validator Network).
Driven by continuous entries from institutions like BitMine, the Ethereum validator queue has around 977,000 ETH, with only about 113,000 ETH exiting the queue. Currently, a total of 35.5 million ETH has been staked on the network, accounting for approximately 29% of the total supply, with an annual staking yield of around 2.54%.
In addition, BitMine's Chairman, Tom Lee, is pushing the company to increase its authorized share count to 50 billion shares to withstand a potential surge in stock price due to an increase in ETH price, hinting that in an extreme bull market scenario, ETH price may have significant room for upward movement.
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