Bitmine Stakes $320M in Ethereum, Lifting Staked Share to 70%

Bitmine moved about 75,600 ETH worth roughly $320 million to Coinbase Prime for staking on Thursday morning. Lookonchain estimated that Bitmine now has about 3.5 million ETH staked, equal to roughly 70.1% of its total Ethereum holdings. The firm controls more than 4.1% of circulating ETH supply and has publicly targeted a 5% share.

ETH-1.77%
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