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Bitmine Stakes Over 1 Million ETH Worth $3.215 Billion

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According to on-chain trading signals, Bitmine has staked over 1.032 million ETH on Ethereum's PoS network, valued at $3.215 billion. This accounts for a quarter of its total ETH holdings of 4.143 million. The staking waiting queue currently stands at 1.778 million ETH, while the exit queue is empty. Traders using technical analysis for cryptocurrency are closely watching this move for potential market implications.

Odaily Planet News: On-chain analyst Yujin posted on the X platform stating that Bitmine has deposited over 1 million ETH into Ethereum's PoS staking, currently reaching 1.032 million ETH, valued at $3.215 billion. This staking amount accounts for one-quarter of its total ETH holdings (4.143 million ETH).

Affected by this, the current ETH waiting in line to enter staking has accumulated to 1.778 million, while the exit queue has been emptied.

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