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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