Grayscale, Bitmine stake nearly $500 million in Ethereum: On-chain data
Crypto Briefing
Grayscale and Bitmine have collectively staked nearly $500 million in Ethereum over the past 24 hours, according to on-chain data.Summary
On-chain data from Arkham Intelligence reveals that Grayscale Investments and Bitmine have staked approximately $500 million in Ethereum within a 24-hour window. Grayscale deposited 102,400 ETH, valued at $237 million, into Coinbase Prime, while Bitmine staked an additional 112,040 ETH. These moves contribute to the growing trend of Ethereum staking, with Bitmine now emerging as a major corporate holder and staker, having 74% of its total holdings staked. This reduction in circulating supply via staking continues to be a significant factor in the Ethereum ecosystem.
(Source：Crypto Briefing)