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Bitmine Stakes Another 112,040 ETH Worth More Than $260 Million

According to Onchain Lens and Lookonchain, Bitmine has continued large Ethereum staking transfers, including a recent 112,040 ETH move, while Aave secured 69,576 ETH in commitments but remained 5,505 ETH short of its target.

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Fact Check
The claim has strong support for its core factual components from two separate Odaily items and a corroborating PANews report. The 112,040 ETH transfer worth more than $260 million is directly stated in Odaily's "Bitmine 再次质押 112,040 枚 ETH，价值超 2.6 亿美元." The 98,352 ETH transfer and cumulative 3,587,821 ETH worth about $8.35 billion are directly stated in Odaily's "Bitmine 再质押 98352 枚 ETH ，总质押规模达 358.78 万枚." PANews' "Bitmine 3小时前再次质押超9.8万枚ETH，约合2.29亿美元" independently corroborates the 98,352 ETH transfer. The official Bitmine PR Newswire release about 4.803 million ETH holdings supports the broader context that Bitmine had enough ETH for such staking amounts. However, confidence is not high because the decisive transaction details come from secondary outlets citing Onchain Lens and Lookonchain, while the cited X posts and Arkham page could not be directly validated in this run.
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Summary

Bitmine has continued expanding its Ethereum staking position with a newly reported 112,040 ETH transfer worth more than $260 million, according to Onchain Lens. Earlier reports also tracked a 98,352 ETH stake worth about $229 million and 191,952 ETH worth about $446.9 million staked over a 12-hour period. According to Lookonchain, Bitmine’s cumulative staked position has reached 3,587,821 ETH valued at about $8.35 billion, representing 72.1% of its total holdings. In a related market update, Aave secured commitments for 69,576 ETH but still needed 5,505 ETH to meet its stated target. Onchain Lens and Lookonchain cite slightly different timings for some Bitmine transactions, but both indicate sustained large-scale staking activity as Bitmine allocates a substantial share of its Ethereum treasury to support the network and earn staking rewards while retaining ETH exposure.

Terms & Concepts
  • Ethereum staking: Locking ETH to help secure the Ethereum network and receive rewards in return.
  • ETH: The native cryptocurrency of Ethereum, used for transactions, fees, and staking on the network.
  • Aave: A decentralized lending protocol that allows users to supply and borrow crypto assets through smart contracts.