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BitMine further increased its Ethereum holdings, depositing an additional 186,560 ETH into the Beacon Chain, bringing its total staked ETH to 1,530,784, worth approximately $5.13 billion. This move solidifies its position as the known largest enterprise Ethereum staker, controlling about 4% of ETH on the network. Meanwhile, competition for validator seats has become increasingly fierce, with the number of queued ETH soaring to 2.3 million. Shareholders are about to vote on a proposal to increase the company's authorized shares, and management stated that this move is crucial to avoid reaching the capital threshold and to continue acquiring ETH.