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Bitmine Staked $320M of ETH in 24 Hours, Lifting Yield-Bearing Holdings Above 70%
Bitmine staked about $320 million of ether over the past 24 hours, pushing more than 70% of its holdings into yield-generating positions. Arkham Intelligence data showed about 75,600 ETH moved to Coinbase Prime on Thursday morning after more than 61,200 ETH was allocated on Wednesday. Lookonchain said Bitmine has now staked about 3.5 million ETH worth about $8.1 billion, equal to about 70.1% of its overall holdings. Lookonchain also said three new wallets likely tied to Bitmine received 100,000 ETH before Thursday’s staking, though Bitmine has not confirmed that transfer.