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CoinOtag 2025-12-28 06:14:11

Bitmine Begins Staking $219M Ethereum, Eyes 5% of Supply

Bitmine Ethereum staking marks the company's first participation in the network's proof-of-stake system, depositing around 74,880 ETH worth approximately $219 million into the BatchDeposit contract, as tracked by Arkham. This strategic move aims to generate interest income on its substantial holdings. Bitmine's first staking action despite holding one of the largest ETH treasuries. Recent accumulation [...]

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