Bitmine Stakes $508M in Ethereum, Total Locked $ETH Tops 4M
Bitmine, the crypto investment platform of Tom Lee, has recently performed a staggering Ethereum ($ETH) staking move. Bitmine has staked $ETH worth of $508M. As per the data from Arkham Intelligence, with this development, the total amount of Bitmine‘s locked $ETH has surpassed 4M in number. Hence, this move underscores Bitmine’s strong conviction in $ETHs long-term position. Tom Lee just staked $508.4M ETH Bitmine has now staked over 4 MILLION ETH (worth $9.3B) – thats 10.5% of the total staked ETH supply. Tom Lee is buying and staking ETH. Bitmines Latest $508M $ETH Stake Raises Locked $ETH Supply Above 4M Based on the on-chain data, Bitmine‘s new staking $508M in $ETH shows its aggressive strategy and noteworthy confidence in the leading altcoin’s future trajectory. As a result of this, Tom Lees platform has jumped above the amount of 4M $ETH locked, denoting a stunning $9.3M in total amount. Interestingly. This accounts for nearly 10.5% of the cumulative staked $ETH supply. This development took into account several transfers ranging between 14,400-32,400 $ETH. Apart from that, the accumulation of over 4M $ETH staked signifies the growing $ETH exposure of Bitmine in the proof-of-stake sector. Such huge staking by just one platform could be considerably influential in reshaping