news3h ago

Tom Lee'S (@Fundstrat) Bitmine (@Bitmnr) Has Staked An Additional 98,352 $Eth Worth Approximately $227 Million, According To On-Chain Analytics Platform Lookonchain.

The move brings Bitmine's total holdings to over 3.58 million $ETH, valued at around $8.26 billion, cementing its position as one of the largest institutional holders of the asset. The latest staking activity is consistent with a broader trend of growing institutional participation in Ethereum staking, as firms look to generate yield on large crypto positions.

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BSCN

BSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.