Ethereum surged over 3% today, breaking above the $3,200 level for the first time in weeks. That brings its weekly gain to nearly 10%, mirroring Bitcoin’s breakout past $94,000.
The move comes as new wallet creation on Ethereum has jumped over 110% since the Fusaka upgrade, with the network now adding nearly 292,000 addresses per day – the fastest pace since the 2024 bull market.
Read also: Ethereum’s Fusaka Upgrade – What’s Changing?
Bitmine Adds Another 32K ETH
On January 5th, Bitmine (NYSE: $BMNR) confirmed a new weekly addition of 32,977 ETH, bringing its total holdings to 4,143,502 ETH, valued at over $13.25 billion at current prices.
The firm remains the largest ETH holder in the world, second only to MicroStrategy’s Bitcoin position. In total, Bitmine holds $14.2B across digital assets and “moonshot” equity bets, including 192 BTC and a $25M stake in Eightco Holdings.
Read also: Bitcoin Breaks $93K, Strategy Adds Another 1287 BTC
Massive Staking Operation Taking Shape
Bitmine also increased its staked ETH by 250,592 coins this week, bringing the total to 659,219 ETH. At the current 2.81% CESR rate, this yields over $1 million per day in staking rewards.
Chairman Tom Lee hinted at Bitmine’s plans to launch a Made in America Validator Network (MAVAN), which will expand its staking infrastructure and potentially make it the top ETH staking operation globally.
