According to ChainCatcher, as monitored by on-chain analyst Yujin, Ethereum treasury company Bitmine purchased 24,068 ETH (approximately $80.57 million) through FalconX. Additionally, they have been continuously staking ETH recently, and have now staked over 1.7 million ETH (approximately $5.65 billion), accounting for 40% of their total ETH holdings (4.17 million ETH).
Bitmine Buys 24,068 ETH Worth $80.57M, Stakes Over 1.7M ETH
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Summary
According to ChainCatcher, Bitmine executed an ETH purchase of 24,068 ETH worth $80.57 million via FalconX. The company has staked over 1.7 million ETH ($5.65 billion), accounting for 40% of its total 4.17 million ETH holdings. Traders using technical analysis for cryptocurrency may evaluate the risk-to-reward ratio as Bitmine continues to lock up its assets.
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