Bitmine’s ETH staking passes 70% of holdings after latest $320 million push
The Block
Bitmine has staked approximately $320 million in Ether, moving over 70% of its total holdings into staking to generate yield.Summary
Bitmine, the leading Ethereum treasury company, has increased its staked Ether to over 70% of its total holdings following a $320 million allocation. On-chain data indicates the firm moved 75,600 ETH to Coinbase Prime, bringing its total staked amount to roughly 3.5 million ETH. While Bitmine continues to develop its in-house MAVAN platform, recent activity suggests the company is aggressively expanding its stake as it nears its target of controlling 5% of the total Ethereum supply.
(Source：The Block)