BitMine has staked 28,800 ETH through Coinbase Prime, according to monitoring data cited by Onchain Lens and reported by ChainCatcher. The ETH involved is valued at about $53.87 million. The update adds to BitMine’s broader Ethereum accumulation strategy.
The company currently holds 4.8% of Ethereum’s total supply, the report said. Based on that figure, BitMine has completed 96% of its stated goal of accumulating 5% of the network’s supply. The same report also described BitMine as holding the world’s largest publicly listed Ethereum treasury.
No additional transaction details were disclosed in the source material beyond the staking amount, estimated value, current share of supply, and progress toward the 5% target.
BitMine has staked 28,800 ETH through Coinbase Prime, according to Onchain Lens monitoring cited by ChainCatcher. The stake is valued at about $53.87 million.
The company currently holds 4.8% of Ethereum’s total supply and has completed 96% of its 5% accumulation target. The report also said BitMine holds the world’s largest publicly listed Ethereum treasury.
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