Tom Lee’s Bitmine stakes $508M ETH as holdings top 5M
Tom Lees Bitmine has staked about $508 million worth of Ethereum in a recent move tracked by Arkham. Bitmine recently staked about $508 million worth of ETH, according to Arkham on-chain data.Bitmines Ethereum holdings crossed 5 million ETH, placing it among the largest institutional holders.More than 4 million Bitmine ETH is staked, equal to about 10.5% of total staked supply. The transfers were routed through institutional channels, adding to the firms ongoing staking strategy. The latest activity comes as Bitmine continues to increase its exposure to Ethereum. On-chain data shows the firm has now staked more than 4 million ETH, valued at about $9.3 billion, representing around 10.5% of total staked supply. ETH holdings cross 5 million milestone Recent disclosures show Bitmines total Ethereum holdings have crossed 5 million ETH. The company reported holdings of about 5.07 million ETH, marking a key milestone in its accumulation strategy. Chairman Tom Lee said, “Bitmine ETH holdings crossed 5 million this past week,” noting the pace of accumulation has been rapid. The firm now holds more than 4% of the total ETH supply. This places Bitmine among the largest institutional holders of Ethereum in the market. Strategy focuses on staking and supply control Bitmine has focused on staking a large share