BitMine Increases Staking Commitment, Fueling ETH Ecosystem Growth
On January 12, data from blockchain analytics platform Onchain Lens revealed that Ethereum-focused crypto giant BitMine has staked an additional 109,504 ETH. At current market prices, this new stake is valued at approximately $340.49 million.
This move highlights BitMine’s strong confidence in the long-term potential of the Ethereum ecosystem and signals its deepening strategic presence in the crypto asset sector.
- New stake amounts to $340.49 million
- Total staked ETH surpasses 1.19 million
- Total value reaches $3.7 billion
As the Ethereum network continues to evolve, staking has become a crucial mechanism for securing the network—drawing increasing interest from major institutional players. BitMine’s growing involvement brings fresh momentum to the broader ecosystem.