Bitmine expands Ethereum staking… cumulative deposits reach 1.08 million ETH

Source

Suehyeon Lee

Summary

Bitmine is said to be aggressively expanding Ethereum (ETH) staking.
Bitmine’s total staked amount is 1,080,512 ETH, worth about $3.33 billion.
This was described as a move to strengthen a long-term Ethereum management strategy and the management of income-generating assets at an institutional investor level.

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Bitmine is aggressively expanding its Ethereum (ETH) staking.

According to on-chain analytics account Lookonchain on the 11th (local time), Bitmine, led by Tom Lee, staked an additional 86,400 ETH (about $266.3 million) five hours earlier.

With this additional deposit, Bitmine’s total staked amount stands at 1,080,512 ETH, worth about $3.33 billion at current prices. This is viewed as one of the most notable long-term Ethereum management strategies among institutional investors and digital-asset treasury firms.

Bitmine is led by Tom Lee, a co-founder of Fundstrat, and has recently been stepping up a strategy to manage Ethereum not merely as a held asset but as an income-generating asset. The move is interpreted as securing network reward income through staking while also signaling a clear commitment to long-term holding to the market.

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