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Bitmine Stakes 93,600 ETH Worth About $218 Million in One Hour

Bitmine Stakes 93,600 ETH Worth About $218 Million in One Hour

According to Lookonchain and Onchain Lens, Bitmine added major ETH staking positions within hours, lifting its total staked Ethereum to about 3.4–3.5 million ETH and reinforcing its large network exposure.

ETH

Fact Check
The claim is strongly supported by the original source, x post 2046743552978505763, which explicitly states the exact figures: an additional 61,232 ETH, about $142M, bringing Bitmine’s total staked holdings to 3,395,869 ETH, about $7.9B. PanewsLab’s article repeats the same numbers and cites that post, corroborating the claim. The later Odaily flash reports a different subsequent staking event with higher totals, which is consistent with the earlier claim rather than contradictory.
    Reference: 1
Summary

Bitmine carried out another large Ethereum staking move, with Onchain Lens reporting a 93,600 ETH transaction worth about $218 million in one hour, while Lookonchain said the firm added about $320 million in staking over 24 hours. Across the updates, Bitmine’s total staked ETH was reported at roughly 3.40 million to 3.5 million ETH, valued around $7.9 billion to $8.1 billion, with more than 70% of its holdings in staking. Lookonchain also said wallets linked to Bitmine received about 100,000 ETH, indicating continued accumulation alongside the expansion of its staking position.

Terms & Concepts
  • staking: Locking cryptocurrency on a blockchain network to support validation and earn rewards.
  • ETH: The native cryptocurrency of Ethereum, used for network fees, transfers, and staking.
  • On-chain monitoring: Tracking blockchain transactions in real time using public ledger data and analytics tools.