Bitmine Restakes 157,344 Ethereum, Lifting Total Staked Holdings to 4.71 Million ETH

Onchain Lens states that two new wallets withdrew 40,000 Ethereum from Kraken, in transactions the tracker said may be linked to Bitmine as its cumulative staked holdings reached 4,712,917 ETH.

ETH

Summary

Bitmine staked another 157,344 ETH worth about $372.39 million, bringing its cumulative staked Ethereum holdings to 4,712,917 ETH valued at about $11.12 billion. Separately, Onchain Lens reported that two newly created wallets withdrew a combined 40,000 ETH worth about $94.61 million from Kraken and said the addresses may be linked to Bitmine. The update reflects continued large-scale Ethereum staking activity and possible additional accumulation, though the wallet link was not confirmed.

Terms & Concepts
  • ETH: The native token of the Ethereum blockchain, used for transactions, staking, and network fees.
  • Kraken: A cryptocurrency exchange where users can trade, deposit, and withdraw digital assets such as ETH.
  • Staking: Locking cryptocurrency to help secure a blockchain network and earn rewards in return.