Bitmine stakes $508M in Ethereum, holding over 4M ETH worth $9.3B, influencing 10.5% of staked ETH supply.

Bitmine Immersion Technologies has deployed approximately $508 million into Ethereum staking, raising its staked ETH holdings above 4 million tokens, valued at about $9.3 billion. This represents roughly 10.5% of the total staked Ethereum supply, marking Bitmine as a major institutional player in the network. The company’s total Ethereum holdings now exceed 5 million tokens, accounting for over 4% of the circulating supply. Bitmine’s strategy focuses on long-term yield through staking and supply influence, impacting Ethereum’s liquidity and governance while generating passive income from network participation.