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$ETH Large-Scale Staking Campaign
Tom Lee's Bitmine staked 191,952 ETH (worth $446 million) in the past 12 hours, bringing the total staked ETH to 3.47 million (worth $8.1 billion), accounting for 70% of its holdings. The company continues to pursue an active accumulation strategy.
Approaching the 5 Million ETH Milestone
Bitmine received an additional 100k ETH (worth $234 million) from custody at BitGo, further approaching the goal of 5 million ETH. The company aims to lock in 5% of Ethereum's circulating supply.
Institutional Confidence Signal
Despite market volatility, large-scale staking indicates a long-term bullish outlook on Bitcoin. Bitmine's move stands in stark contrast to the broader market uncertainty following the exploitation of KelpDAO.