Lookonchain said the June 26 transaction, valued at about $248.7 million, lifted Bitmine’s total staked Ethereum holdings to 4.88 million ETH as BMNR prepared to join the Russell 1000.
Bitmine staked another 160,480 ETH in a June 26 transaction tracked by Lookonchain, with the added amount valued at about $248.7 million. According to the on-chain tracker, the move raised Bitmine’s total staked holdings to 4.88 million ETH ahead of BMNR’s entry into the Russell 1000. Staking allows holders to lock Ethereum to help secure the network and earn rewards while maintaining exposure to ETH.