Bitmine’s Strategic $60.8M Ethereum Stake Reveals Massive Crypto Confidence

BitcoinWorld Bitmine’s Strategic $60.8M Ethereum Stake Reveals Massive Crypto Confidence In a significant display of institutional conviction, cryptocurrency entity Bitmine (BMNR) executed a major Ethereum transaction, staking an additional 19,200 ETH valued at approximately $60.85 million. This substantial move, reported by blockchain analytics platform Onchain Lens, amplifies the firm’s already colossal position in the world’s second-largest cryptocurrency. Consequently, this strategic allocation brings Bitmine’s cumulative staked Ethereum holdings to a staggering 827,008 ETH, representing a total value of $2.62 billion as of early 2025. This development underscores a pivotal trend of deepening institutional commitment within the evolving proof-of-stake ecosystem. Bitmine’s Monumental Ethereum Position The recent transaction, completed in a matter of minutes, represents a calculated expansion of Bitmine’s crypto asset portfolio. Furthermore, this action solidifies the entity’s status as one of the largest non-custodial stakers in the Ethereum network. To provide context, 827,008 ETH constitutes a significant portion of the total...

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