Bitmine Adds $289.4M in ETH to Staking, Now Controls 4.2% of Ethereum Supply

BitcoinWorld Bitmine Adds $289.4M in ETH to Staking, Now Controls 4.2% of Ethereum Supply Ethereum-focused investment firm Bitmine (BMNR) has significantly expanded its staking position, adding $289.4 million worth of ETH over the past week.

According to blockchain analytics platform Arkham, Bitmine’s staked Ether now represents approximately 4.2% of Ethereum’s total supply. This move underscores a growing trend of institutional players consolidating influence over the network’s proof-of-stake mechanism.

What This Means for Ethereum’s Staking Landscape Bitmine’s latest acquisition brings its total staked ETH to a level that gives it substantial influence within Ethereum’s validator set.

As of this week, the company’s staked holdings rank among the largest on the network, rivaling major exchanges and liquid staking protocols.