Bitmine Expands Ethereum Stack to 5.28M ETH After $153M Purchase

Bitmine increased its exposure to Ethereum after acquiring 71,672 ETH last week, a purchase valued at approximately $153.66 million. With this addition, the company’s total holdings have risen to 5,278,462 ETH, worth about $11.32 billion.

Alongside this accumulation, Bitmine has also expanded its staking activity, with 4,712,917 ETH now locked in staking positions. This accounts for roughly 89.29% of its total Ethereum reserves, reflecting how the firm’s growing holdings are largely being committed to staking.

Source: Bitmine Immersion Technologies