CryptoBitmine Stakes 160,480 ETH Worth $248.7M — How Much Ethereum Influence Does One Firm Actually Hold?
Bitmine has staked an additional 160,480 ETH worth $248.7 million, bringing its total staked position to 4.88 million ETH — over 4% of Ethereum's entire circulating supply. The move raises fresh questions about concentration risk and supply dynamics in the ETH market.
June 27, 2026