Short News View Non-AMP

Bitmine Stakes 61,232 ETH Worth $142M

Published by
Sohrab Khawas

Bitmine, chaired by Fundstrat’s Tom Lee, has staked an additional 61,232 ETH worth about $142 million via Coinbase Prime, according to on-chain data. This raises its total staked Ethereum to 3.39 million ETH valued at nearly $7.88 billion, representing about 68% of its portfolio. The move comes after a recent large accumulation of over 101,000 ETH, pushing total holdings close to 5 million ETH, or more than 4% of Ethereum’s total supply, reinforcing its aggressive long-term ETH accumulation and staking strategy.

Trust with CoinPedia:

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.

Investment Disclaimer:

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 and Advertisements:

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.

Sohrab Khawas

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.

Recent Posts

Is NEAR Protocol’s 60% Rally Just Getting Started?

Another week, another altcoin claiming it's "different this time." But here's the thing about NEAR…

May 23, 2026

BEAT Price Explodes 170% As Audiera Retail Frenzy Builds

BEAT price just went vertical. Again. The token surged from roughly $0.54 to $1.44 in…

May 23, 2026

Is BSB Price Preparing For A Push Toward $2?

BSB price isn’t just pumping anymore but it’s steamrolling through derivatives markets while traders scramble…

May 23, 2026

XRP Price Pullback Deepens as Whale Activity Weakens: Can This Key Level Hold?

XRP price is starting to flash signs of hesitation at a level traders have been…

May 23, 2026

While Bitcoin Drops Below $75,000, Is Ethereum Price Heading Below $2,000?

Ethereum is facing growing bearish pressure as both technical indicators and derivatives data begin signaling…

May 23, 2026

Zcash & Hyperliquid Defy Crypto Market Weakness—Are Bulls Preparing for a Bigger Recovery?

While the broader crypto market, including Bitcoin & Ethereum, remains under pressure, a few altcoins…

May 23, 2026