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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Robinhood Chain isn't wasting time trying to prove its relevance. Just three weeks after launch,…
New AI Hub connects Claude, Cursor, Codex and other AI assistants directly to spot, collateral…
Bipartisan talks on the CLARITY Act's ethics provisions resumed on Capitol Hill on Tuesday, with…
BNB and Cardano remain two of the most watched utility-driven assets in crypto, but traders…
The AAVE price is back on traders' radar after climbing nearly 8% from $88 to…
Solana (SOL) price continues to trade within a steady recovery channel after rebounding sharply from…
