Ethereum’s Rich Get Richer! 🤑

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So, Bitmine Immersion Technologies (BMNR) – a name that sounds like a fever dream of steel and circuits – has decided to toss another 82,560 ETH (that’s a cool $259 million for us peasants) into the Ethereum staking pot. As if they didn’t have enough! They already hoard 4.11 million of the stuff, worth a king’s ransom (around $12.1 billion, if you’re counting… which, frankly, who isn’t?).

Since the last days of ’25 – December 27th, to be precise, as if the date itself isn’t a pronouncement of impending digital dominion – they’ve been shoving ETH into this “Proof of Stake” thing, accumulating a grand total of 544,064 ETH (a modest $1.7 billion). That’s roughly 13.2% of their pile, used to launch their MAVAN validator. It’s all very…efficient. 🙄 Like a machine meticulously building its own digital empire.

And who’s the mastermind behind this? A fellow named Tom Lee, Chairman. He’s leading the charge, naturally. Why? Because 3% APR, naturally! That’s $374 million a year fully staked. Chump change, really. It’s enough to make a working man weep into his borscht. 😭

Oh, and the stock went up 14%. Shocking. Truly shocking. Apparently, watching the rich get richer is good for shareholder value. And all this, while ETH idles at $3,140, further constricting the supply. See, now that is elegant! A classic maneuver to squeeze the latecomers. It’s practically altruistic, really. 😉 Like a wolf protecting its den.

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2026-01-03 09:52