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Tom Lee’s Bitmine stakes 827K Ethereum worth over $2.5B

Crypto Briefing
Nasdaq-listed Bitmine staked an additional 19,200 ETH, bringing its total holdings to over 827,000 ETH valued above $2.5 billion.

Summary

Bitmine, a Nasdaq-listed Ethereum treasury operator, has increased its staked Ethereum holdings by 19,200 ETH, valued at over $60 million, bringing its total to more than 827,000 ETH, exceeding $2.5 billion in value. This accumulation represents about 3.4% of the total ETH supply as of January 4, solidifying its position as the world's largest Ethereum treasury. The firm is also preparing to launch its in-house Made-in-America Validator Network (MAVAN) for staking operations. Bitmine views Ethereum as a core balance-sheet asset, focusing on long-term crypto accumulation.

(Source:Crypto Briefing)