Growth
Bitmine Stakes Additional Ethereum
Bitmine has staked another 159,728 ETH, worth about $390.6 million, increasing its total staked position to 5.23 million ETH, or 86.5% of its holdings. This brings Bitmine's total staked ETH to 6,041,481, up from 5,067,309 ETH as of October 18. The move brings Bitmine closer to its goal of staking 6 million ETH, which it achieved earlier this month. The staking process secures the Ethereum network and earns rewards for validators.