Bitmine has staked an additional 159,728 Ethereum (ETH), valued at about $390.6 million, increasing its staked ETH to 5.23 million tokens worth approximately $12.78 billion. This represents 86.5% of Bitmine's total ETH holdings, which amount to roughly 6.05 million ETH or just under 5% of Ethereum's circulating supply. Bitmine chairman Tom Lee has stated the company will stop buying ETH once it reaches 5% of the total supply. Staking ETH helps secure the Ethereum network and earns rewards, but the specific validators used by Bitmine were not disclosed. This move shows Bitmine's strong commitment to Ethereum despite recent market volatility.
Bitmine's recent Ethereum staking activity is the subject, with Pluang market data providing context as of Oct 22, 2026 03:51 WIB. Among 50 major cryptocurrencies priced on Pluang, 41 rose and 8 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37, BAL (Balancer) up 11.14% at Rp16.297, and BAT (Basic Attention Token) down 10.03% at Rp3.239, with BAT showing a Pluang order activity of 57% Sell and 43% Buy. The most notable figure is SXP's 46.27% decline in one day.
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