Bitmine adds more Ethereum staking… reinforces long-term holding signal with cumulative 1.34 million ETH
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Summary
- Bitmine, led by Tom Lee, said it staked an additional 154,208 Ethereum (ETH) over the past six hours.
- Bitmine’s additional staking amounts to about $478.77 million, bringing the cumulative total to 1,344,224 ETH, worth roughly $4.17 billion.
- Bitmine’s expanded staking, alongside spot purchases of Ethereum, is interpreted as a long-term holding signal and a factor supporting the downside in prices.

Large-scale staking by institutional capital continues, once again highlighting long-term holding signals in the Ethereum market.
On the 13th (local time), Lookonchain said Bitmine, led by Tom Lee, staked an additional 154,208 Ethereum (ETH) over the past six hours. In value terms, this amounts to about $478.77 million.
With this additional staking, Bitmine’s cumulative staked amount increased to a total of 1,344,224 ETH, worth about $4.17 billion. The move is drawing market attention as it reflects a long-term allocation strategy rather than short-term arbitrage.
Bitmine’s expanded staking also aligns with the recent trend of long-conviction capital flowing in alongside spot purchases of Ethereum. In particular, rising staking volumes reduce circulating supply, which from a supply-demand perspective is seen as a factor supporting the downside in prices.





