According to the source, Bitmine has staked 408,627 ETH (over $1 billion) as of Sunday as it moves toward launching its Made in America VAlidator Network in 2026; source: the source social media post dated December 29, 2025. This shifts a large treasury allocation from liquid ETH to validators, marginally reducing immediately tradable supply while redirecting it to protocol rewards, which traders watch for liquidity effects; source: Ethereum Foundation staking documentation on validator deposits and asset availability under Proof-of-Stake. As total active stake rises, native staking APR declines per Ethereum’s reward function, affecting expected returns for validators and liquid staking markets that mirror base yields; source: Ethereum Foundation documentation on Proof-of-Stake reward issuance and APR sensitivity to total stake. Liquidity is not permanently removed because Shanghai/Capella enabled withdrawals, but sizable exits must pass through exit and withdrawal queues that can extend timing during congested periods; source: Ethereum Foundation documentation on withdrawals and queue mechanics post-Shanghai/Capella. Traders should track ETH price reaction, staking ratio, APR prints, and LSD pricing spreads versus spot ETH as key transmission channels following large staking flows; source: on-chain staking metrics from Beaconcha.in and Dune Analytics, and Ethereum protocol reward specifications. A US-based validator network could concentrate validator geography and compliance exposure that intersects with MEV relay usage and censorship risk premia in ETH, which markets have previously monitored; source: Flashbots research on MEV and censorship dynamics and Ethereum community guidance on validator decentralization.

According to Onchain Lens, Bitmine has staked an additional 84,960 ETH valued at approximately $250 million, lifting its total staked balance to 342,560 ETH worth about $1 billion; source: Onchain Lens on X, Dec 28, 2025, and Arkham Intel entity explorer for Bitmine. According to Onchain Lens, an earlier update referenced 103,424 ETH newly staked and a 257,600 ETH total, indicating that the latest figures reflect a subsequent revision with higher totals; source: Onchain Lens on X. According to Arkham Intel, traders can verify Bitmine-labeled wallets and staking flows in real time via the Arkham Intel entity explorer for Bitmine, enabling direct on-chain confirmation of these deposits; source: Arkham Intel.

According to @lookonchain, Bitmine, associated by the source with Tom Lee’s Fundstrat, staked 342,560 ETH over the past two days, valued at roughly USD 1 billion, based on the source’s on-chain tracking. Source: Lookonchain on X, Dec 28, 2025. @lookonchain also reported that about one hour prior Bitmine staked an additional 74,880 ETH, while SharpLink Gaming redeemed 35,627 ETH roughly four hours prior, as reflected in the source’s post. Source: Lookonchain on X, Dec 28, 2025. Based on the figures reported by @lookonchain, the short-window net flow between these two entities is a net staking inflow of 39,253 ETH in that observed period. Source: Lookonchain on X, Dec 28, 2025. Entity attributions for Bitmine and SharpLink Gaming referenced by @lookonchain are mapped on the Arkham Intel explorer. Source: Arkham Intel explorer pages for Bitmine and SharpLink Gaming, as cited by Lookonchain.

According to @OnchainLens, Bitmine staked an additional 103,424 ETH valued at $303.08M with the data reference pointing to the Arkham Intelligence Bitmine entity page for verification, source: Onchain Lens on X Dec 27, 2025; Arkham Intelligence intel.arkm.com/explorer/entity/bitmine. The same update states Bitmine’s total staked reached 257,600 ETH while listing a total valuation of $75.43M, which is inconsistent with the per-transaction valuation and the prior cited totals, so traders should confirm the aggregate on Arkham before acting, source: Onchain Lens on X Dec 27, 2025; Arkham Intelligence intel.arkm.com/explorer/entity/bitmine. Earlier, @OnchainLens reported Bitmine added 79,296 ETH valued at $232M for a cumulative 154,176 ETH then valued at $451M, source: Onchain Lens on X. From a trading perspective, large new validator deposits increase the staked share of ETH and generally dilute staking APR as active validators rise, so monitor APR changes and validator activation queues to gauge timing, source: Ethereum.org Staking documentation ethereum.org/staking; Onchain Lens on X. Track related flows via Arkham to assess any exchange or liquid staking platform movements that could affect near-term liquidity and sell pressure, source: Arkham Intelligence intel.arkm.com/explorer/entity/bitmine; Onchain Lens on X.

According to Onchain Lens, Bitmine staked an additional 79,296 ETH valued at $232 million, bringing its total staked to 154,176 ETH worth $451 million. Source: Onchain Lens on X; Arkham Intelligence Bitmine entity intel.arkm.com/explorer/entity/bitmine Onchain Lens also reported SharpLink unstaked 35,627 ETH worth $104.4 million from liquid staking. Source: Onchain Lens on X; Arkham Intelligence SharpLink Gaming entity intel.arkm.com/explorer/entity/sharplink-gaming Based on these figures, the net flow between these reported entities is a +43,669 ETH shift toward staking, a material on-chain movement that traders track for ETH liquidity and staking activity. Source: Onchain Lens on X; Arkham Intelligence entity pages above

According to @EmberCN, Bitmine deposited 79,296 ETH into Ethereum PoS staking, bringing today’s total to 154,176 ETH valued around $451 million, indicating substantial on-chain allocation away from liquid spot balances. source: @EmberCN on X, Dec 27, 2025 At 32 ETH per validator, today’s total equals capacity for roughly 4,818 validators, a calculation based on the Ethereum staking requirement. source: Ethereum.org staking docs; calculation based on @EmberCN Traders tracking ETH liquidity can note that 154,176 ETH moved into staking today per the cited data, a measurable change in on-chain supply flows. source: @EmberCN on X, Dec 27, 2025

According to @lookonchain, Tom Lee’s Bitmine staked 74,880 ETH valued at about $219.2M roughly one hour ago, with entity attribution referenced from Arkham Intelligence labels (source: Lookonchain; Arkham Intelligence). According to @lookonchain, SharpLink Gaming redeemed 35,627 ETH worth about $104.4M around four hours ago, tied to Arkham Intelligence-identified wallets (source: Lookonchain; Arkham Intelligence). Based on these reported figures, the net ETH staking flow over the past several hours is a +39,253 ETH inflow (approximately $114.8M), and staked ETH is not immediately tradable until validator exit and withdrawals per Ethereum’s staking mechanics (source: Lookonchain; Ethereum.org).

According to @OnchainLens, Bitmine has staked 74,880 ETH valued at $219.18M, with the address labeled on Arkham Intelligence for verification. Source: @OnchainLens; Arkham Intelligence intel.arkm.com/explorer/entity/bitmine According to @OnchainLens, SharpLink has unstaked 35,627 ETH worth $104.4M from liquid staking, with the entity label also confirmed on Arkham Intelligence. Source: @OnchainLens; Arkham Intelligence intel.arkm.com/explorer/entity/sharplink-gaming Based on figures reported by @OnchainLens, the net change is +39,253 ETH staked (approximately $114.8M at the reported sizing), indicating more ETH moved into validator staking than redeemed during the period cited. Source: @OnchainLens (X post: https://twitter.com/OnchainLens/status/2004701674171174982); Arkham Intelligence

According to @ai_9684xtpa, Trend Research resumed ETH accumulation on Nov 2 after October profit-taking, withdrawing a total of 715,526 ETH (~$2.36B) from exchanges. According to @ai_9684xtpa, 70,000 ETH was deposited to Binance on Nov 15–16, leaving 645,526 ETH (~$2.13B) and ranking the entity as Ethereum’s third-largest holder behind Bitmine and SharpLink. According to @ai_9684xtpa, if the pledged plan to buy another $1B proceeds, holdings could approach 1,000,000 ETH and potentially surpass SharpLink for the No. 2 spot.

According to @CoinMarketCap, Trend Research purchased 46,379 ETH, increasing its total ETH holdings to about 580,000 ETH (source: CoinMarketCap on X, Dec 24, 2025). @CoinMarketCap reports this places the private company among the largest institutional ETH holders, behind only SharpLink and BitMine (source: CoinMarketCap on X, Dec 24, 2025). Traders often monitor such whale accumulation for potential impacts on ETH liquidity and order book depth in subsequent sessions, with the event flagged as market-relevant by @CoinMarketCap (source: CoinMarketCap on X, Dec 24, 2025).

According to @lookonchain, Bitmine tied to Tom Lee (@fundstrat) purchased another 67,886 ETH valued at $201M in the past 24 hours, indicating a single-entity accumulation event based on on-chain evidence. Source: @lookonchain on X. The transactions and wallet trails are visible on Arkham Intel at 0xecA84b8599A5e11d6b600F24a0F42703E1D4c3eA, 0x1b6E316c4d3093bbf8182Cf2fa76Be4611df0a8A, and 0x1C79347985300642be2fB93b44BB6C4A2e46CEf8. Source: Arkham Intel explorer. Traders can monitor these addresses for subsequent transfers or exchange interactions to assess potential order flow impacts on ETH liquidity and volatility. Sources: @lookonchain on X and Arkham Intel explorer.

According to @OnchainLens, Bitmine received 31,750 ETH valued at 93.50 million USD from a FalconX associated address 0x1C79347985300642be2fB93b44BB6C4A2e46CEf8 on Dec 23, 2025. Source: @OnchainLens; Data: Nansen. The transfer was identified via Nansen entity labels attributing the sender to FalconX and the recipient to Bitmine, with the size reported as 31.75K ETH. Source: @OnchainLens; Data: Nansen.

According to Onchain Lens, Bitmine (BitMNR) purchased 6,678 ETH worth USD 19.63M from BitGo, with funds directed to wallet 0xecA84b8599A5e11d6b600F24a0F42703E1D4c3eA on Dec 23, 2025, source: Onchain Lens on X (Dec 23, 2025). Based on the reported totals, the implied average value is approximately USD 2,939 per ETH (19.63M/6,678), source: calculation from figures reported by Onchain Lens on X (Dec 23, 2025). Onchain Lens described this as a further buy by Bitmine, indicating it follows earlier purchases, source: Onchain Lens on X (Dec 23, 2025).

According to @OnchainDataNerd, two large ETH buy orders were executed about two hours before the post: 18,454 ETH (about 55.24 million USD) tentatively attributed to Bitmine and 24,421 ETH (about 73.75 million USD) from a fresh whale, with address links provided, source: @OnchainDataNerd on X, Dec 23, 2025. According to @OnchainDataNerd, the combined size is 42,875 ETH (about 129.0 million USD) executed within a short window, source: @OnchainDataNerd on X, Dec 23, 2025. According to @OnchainDataNerd, the author shared the tracking links to the two addresses: https://t.co/JEB0h5RLqF and https://t.co/72Gv5HBvpR, source: @OnchainDataNerd on X, Dec 23, 2025. According to @OnchainDataNerd, traders may monitor these wallets for any subsequent transfers to exchanges or DeFi venues to assess near-term supply dynamics using the addresses shared above, source: @OnchainDataNerd on X, Dec 23, 2025.

According to @lookonchain, addresses attributed to Tom Lee's Bitmine acquired 29,462 ETH valued at about 88.1 million USD with inflows traced from BitGo and Kraken, source: Lookonchain post; Arkham Intelligence explorer. Arkham Intelligence pages for the two recipient wallets referenced by Lookonchain show incoming transfers that match the reported ETH amount and counterparties BitGo and Kraken, source: Arkham Intelligence. These transfers indicate a large off-exchange accumulation of ETH and reduce Kraken’s on-chain exchange balances by the transferred amount at the time of movement, source: Arkham Intelligence. Lookonchain characterized this as another purchase by Bitmine, signaling repeat accumulation behavior, source: Lookonchain post.

According to @OnchainLens, Bitmine (BitMNR) purchased 29,463 ETH valued at $88.2M from BitGo and Kraken. Source: Onchain Lens. A newly created wallet 0xecA84b8599A5e11d6b600F24a0F42703E1D4c3eA received 18,454 ETH worth $55.61M from BitGo. Source: Onchain Lens. Wallet 0x1b6E316c4d3093bbf8182Cf2fa76Be4611df0a8A withdrew an additional 11,009 ETH worth $33.14M from Kraken and now holds 24,421 ETH worth $73.12M. Source: Onchain Lens. Based on the totals reported, the implied average transfer value is approximately $2,992 per ETH. Source: Onchain Lens.

According to @StockMKTNewz, a new post shares a chart that visualizes growth in Ethereum (ETH) holdings linked to Tom Lee and Bitmine (BMNR), indicating increased ETH exposure as depicted in the image. Source: @StockMKTNewz. According to @StockMKTNewz, while no exact figures or dates are provided, the visualization highlights a rising trajectory in holdings that is directly relevant for ETH and BMNR traders monitoring accumulation trends. Source: @StockMKTNewz.

According to @lookonchain, Bitmine purchased 98,852 ETH (about $302M) last week and now holds 4,066,062 ETH valued around $12.42B. A Bitmine Immersion (BMNR) press release on PR Newswire confirms total ETH holdings of 4.066 million tokens and reports combined crypto and cash reserves of $13.2B. These disclosed balances and purchases are material datapoints for traders tracking large ETH flows and entity concentration. Sources: @lookonchain; PR Newswire release by Bitmine Immersion (BMNR).

According to @lookonchain, a wallet labeled Bitmine associated with Tom Lee (@fundstrat) acquired 13,412 ETH valued at $40.61M, with the transaction visible on Arkham Intelligence at address 0x1b6E316c4d3093bbf8182Cf2fa76Be4611df0a8A; source: @lookonchain; Arkham Intelligence (intel.arkm.com/explorer/address/0x1b6E316c4d3093bbf8182Cf2fa76Be4611df0a8A). @lookonchain reports this is another Bitmine purchase, indicating continued accumulation activity recorded on-chain for that entity; source: @lookonchain; Arkham Intelligence (intel.arkm.com/explorer/address/0x1b6E316c4d3093bbf8182Cf2fa76Be4611df0a8A).

According to Onchain Lens, a newly created wallet received 13,412 ETH valued at 40.58 million USD from Kraken, marking an exchange outflow to address 0x1b6e316c4d3093bbf8182cf2fa76be4611df0a8a, with the wallet likely linked to Bitmine, source: Onchain Lens. Onchain Lens publicly flagged this on-chain transfer and disclosed the recipient address for market monitoring of subsequent large ETH flows, source: Onchain Lens.