A major move by Bitmine has captured attention across the Ethereum ecosystem. On-chain analytics reveal the firm recently staked an additional 154,304 ETH—worth roughly $519.76 million—marking another significant step in its expanding digital asset strategy.
Staking Total Surpasses 1.685 Million ETH
With this latest addition, Bitmine’s cumulative staked ETH reaches 1,685,088, valued at approximately $5.65 billion. The entity has emerged as a pivotal player in Ethereum’s proof-of-stake infrastructure. In just the past two days, over 340,000 ETH have been secured into staking contracts, highlighting an aggressive and strategic accumulation phase.
- New stake: 154,304 ETH
- Total staked: 1,685,088 ETH
- Current valuation: ~$5.65B
- Accumulation pattern: Consistent and large-scale
These developments underscore growing institutional confidence in Ethereum’s scalability and economic sustainability. As staking concentration rises among key players, market dynamics and validator influence may shift in the months ahead.