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Bitmain stakes roughly 80,000 Ethereum

Source
Doohyun Hwang
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  • Bitmain recently staked an additional 82,560 Ethereum.
  • With this deposit, Bitmain's total staked volume reaches 544,064ETH.
  • Bitmain is strengthening long-term holding and additional revenue generation through staking.
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Bitmain is consecutively staking a substantial amount of Ethereum, reducing liquidity provision.

On the 2nd (local time), according to data from Arkham Intelligence, Bitmain deposited 82,560ETH into an Ethereum proof-of-stake (PoS) staking contract address that day. At current prices, this amounts to approximately 258,000,000 dollars (about 373,000,000,000 won).

Since Bitmain began full-scale staking on the 27th of last month, it has been aggressively increasing its deposits. With this additional deposit, the total amount Bitmain has staked is 544,064ETH, which, when converted to value, amounts to about 1,700,000,000 dollars (about 2,400,000,000,000 won).

This represents about 13.2% of the total 4,110,000 Ethereum Bitmain holds. As one of the world's largest corporate holders of Ethereum, Bitmain appears to be strengthening its long-term holding strategy and generating additional revenue through staking rewards beyond simple holding.

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Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀

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