#binance #hype #zec #near
23/04/26 12:11 UTC-04

Bitmine, which purchased a large amount of Ethereum this morning, has staked thousands of ETH

In the cryptocurrency market, institutional players’ strategies focused on Ethereum continue to attract attention. According to information provided by the blockchain data platform Lookonchain, Bitmine recently staked 93,600 Ethereum. The total value of this transaction is estimated at approximately $218 million.

Taking this latest transaction into account, the total amount of $ETH staked by the company has reached 3,489,469. The current market value of these assets is approximately $8.13 billion.

This figure represents approximately 70% of Bitmine’s total Ethereum holdings. This indicates that the company is focused on a staking-based model to generate long-term returns.

This event is a continuation of Bitmine’s aggressive strategy to increase its Ethereum reserves. Earlier the same day, it was reported that the company purchased an additional 100,000 $ETH for approximately $233.7 million. Thus, the company is not only expanding its holdings but also using them to generate passive income through staking.

Experts state that the involvement of institutional investors in staking is a positive signal for the Ethereum ecosystem. Such large-scale transactions enhance network security while locking up part of the market supply and potentially influencing price dynamics.

Bitmine’s latest move once again demonstrates institutional investors’ confidence in Ethereum and their expectations of long-term growth.

See also: "A $10 billion options “earthquake” in Bitcoin and Ethereum will occur tomorrow!"

#BitMine #Ethereum (ETH) #Buy

Editor: Alyona Nabok
Comments

Similar

26/05/26 12:11 UTC-04

BitMine Spends Around $235 Million Buying Ethereum

BitMine acquired 111,942 $ETH over the past week. This was announced by its head, Tom Lee. According to him, the company views Ethereum’s decline below $2,200 as an “attractive opportunity” to accumulate the asset.

18/05/26 15:57 UTC-04

Bitmine Bought Another 71,672 ETH “at the Bottom”

Public corporation Bitmine Immersion Technologies reported on the structure of its treasury reserves. According to the company’s report, it purchased another 71,672 $ETH over the past week. The combined value of the organization’s cryptocurrency holdings, cash reserves, and venture investments reached $12.6 billion.