Bitmine Stakes Another $390.6 Million in Ether
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitmine added 159,728 ETH to its staking position, bringing the staked share of its treasury to 86.5%, according to Bitcoin.com News.
Tom Lee’s Bitmine has staked an additional 159,728 ether, valued at approximately $390.6 million, Bitcoin.com News reported.
Onchain analysts flagged the move on Oct. 21. The addition brought the company’s total staked holdings to about 5.23 million ETH.
Following the move, 86.5% of Bitmine’s treasury was committed to staking, according to the report.
Source: Bitcoin.com News
