DeFi· ★★★· bullish·

BitMine stakes another 159,728 ETH worth $390M

  • —BitMine staked 159,728 ETH roughly six hours before the report
  • —BitMine's total staked holdings are estimated at over 5.227 million ETH
  • —Ethereum's staking entry queue holds 1.33 million ETH, a wait of over 23 days
  • —Only 149,000 ETH are queued to exit staking, under four days of waiting
Why it matters: Growing staking by large treasury companies reduces free-floating ETH supply and increases validator concentration.
#ETH
Source: PANews
More on this
Exchanges · yesterday
Bitmine Ethereum Treasury Tops 6 Million ETH After Another Weekly Purchase
 Markets · Oct 7
BitMine buys another 12,500 ETH for $33.65M, holdings reach 4.9% of supply
 Exchanges · Sep 28
Strategy buys another 1,665 BTC, Bitmine tops 6M ETH, DeFi Dev Corp reaches 2.54M SOL