BitMine staked 342,560 Ethereum (ETH) tokens worth approximately $1 billion over two days.
The move pushed Ethereum's validator entry queue above the exit line for the first time since June.
BitMine holds over 4 million ETH, representing roughly 3.4 percent of Ethereum's total supply.
What Happened
The entry queue now stands at roughly 745,619 ETH with a 13-day wait.
The exit queue holds approximately 360,518 ETH with an eight-day delay.
Both queues were equal at around 460,000 ETH on Saturday before entry demand accelerated.
BitMine deposited the Ethereum into its proof-of-stake staking contract.
The company plans to launch its Made in America Validator Network to generate yields.
Ethereum staking generates annual returns of approximately 3 to 5 percent.
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Why It Matters
The queue flip signals reduced selling pressure as twice as many validators seek entry versus exit.
Analysts noted the last entry-exit flip in June preceded Ethereum doubling in price.
The validator exit queue could reach zero by January 3 if current trends continue.
Corporate treasury holders are increasingly staking Ethereum holdings for passive income.
This effectively reduces the sellable Ethereum supply on the open market.
BitMine holds approximately $12 billion in cryptocurrency and cash combined.
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