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Bitmine Crosses 10% of ETH Staking Supply
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
Bitmine Immersion Technologies, led by Tom Lee, has added roughly $508 million in Ethereum to its staking operations, according to on-chain data from Arkham Intelligence. The firm now has more than 4 million ETH staked, valued at nearly $9.3 billion, representing about 10.5% of the network’s total staked supply. This aggressive strategy locks up large amounts of ETH, reducing circulating supply while generating yield, and positions Bitmine as one of the most influential institutional players in Ethereum’s ecosystem.
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