BitMine Stakes $289.4 Million of Ether in a Week, Holds 4.8% of Supply
Suehyeon Lee
Summary
- Arkham said BitMine staked about $300 million worth of ETH over the past week.
- That brought BitMine’s staked ETH to 4.2% of Ethereum’s total supply.
- Arkham also said BitMine now holds 4.8% of total supply after buying an additional $14.25 million worth of ETH.
Forecast Trend Report by Period
BitMine, led by Tom Lee, staked about $300 million worth of Ether over the past week.
Arkham, a blockchain analytics platform, wrote on X on Aug. 12 that BitMine staked $289.4 million worth of ETH during the period.
That brought BitMine’s staked ETH to 4.2% of Ethereum’s total supply.
BitMine also continued buying Ether. According to Arkham, it purchased an additional $14.25 million worth of ETH over the same period.
BitMine now holds 4.8% of Ethereum’s total supply.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.