Bitmine’s ETH Staking Bet Now Covers 4.2% of Ethereum Supply

• Bitmine now has 4.2% of Ethereum supply staked after adding $289.4 million.
• The company also bought $14.25 million in ETH, raising total holdings to 4.8%.
• Growing corporate staking could influence Ethereum’s supply and institutional demand.

Bitmine has expanded its Ethereum treasury strategy, staking $289.4 million worth of ETH during the past week. The move brings its staked position to 4.2% of Ethereum’s total supply, according to blockchain analytics platform Arkham.

The company also purchased another $14.25 million worth of ETH during the same period. Its combined holdings now represent 4.8% of Ethereum’s supply, highlighting the scale of its accumulation strategy.

Bitmine Expands Its Ethereum Treasury Position

Arkham reported that Bitmine staked roughly $289.4 million worth of Ether over the past week. That allocation pushes the company’s staked holdings to an estimated 4.2% of the network’s total supply.

Bitmine has continued building its position as institutional interest in Ethereum develops. Moreover, the latest purchase shows that Bitmine is increasing direct holdings while moving a substantial portion into staking.

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