BitMine Stakes Additional 157,344 ETH as On-Chain Data Points to 40,000 ETH Purchase
Suehyeon Lee
Forecast Trend Report by Period
BitMine has added to its Ethereum stake and appears to be accumulating more ETH.
On-chain data platform Onchain Lens said on May 5 that BitMine staked an additional 157,344 ETH, valued at about $372.39 million.
That raised BitMine's total staked ETH to 4,712,917 ETH, with an estimated value of about $11.12 billion.
At around the same time, two newly created wallets withdrew 40,000 ETH, worth about $94.61 million, from Kraken. Onchain Lens said the wallets were likely linked to BitMine and viewed the transfers as a sign of further accumulation.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
