According to on-chain analyst Ember (@EmberCN), Bitmine has deposited over 1 million ETH into Ethereum's Proof-of-Stake (PoS) staking, with the exact amount being 1,032,000 ETH, valued at approximately $3.215 billion. This represents one-quarter of Bitmine's total ETH holdings (4,143,000 ETH). As a result of Bitmine's large-scale staking, the current queue of ETH waiting to enter staking has accumulated to 1,778,000 ETH, while the exit queue has been completely emptied.
Bitmine Stakes Over 1 Million ETH in Ethereum PoS, Accounting for a Quarter of Its Holdings
TechFlowShare
Summary
Bitmine has staked over 1.032 million ETH in Ethereum's PoS system, representing 25% of its 4.143 million ETH holdings. This move, valued at $3.215 billion, has pushed the staking entry queue to 1.778 million ETH, with the exit queue now empty. Traders using technical analysis for crypto are closely watching the impact on ETH's value and its potential for investing in crypto. The deposit highlights Bitmine's long-term strategy amid shifting market conditions.
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