The post Tom Lee’s BitMine Acquires 35,268 ETH as Staked Ethereum Surges to All-Time High appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies, ledThe post Tom Lee’s BitMine Acquires 35,268 ETH as Staked Ethereum Surges to All-Time High appeared on BitcoinEthereumNews.com. BitMine Immersion Technologies, led

Tom Lee’s BitMine Acquires 35,268 ETH as Staked Ethereum Surges to All-Time High

BitMine Immersion Technologies, led by Tom Lee, has purchased 35,268 Ethereum throughout the previous week, further expanding its Ethereum treasury. This comes as staking transactions hit a new all-time high within the Ethereum network.

Bitmine Increases Its Ethereum Treasury

According to the press release, the company has total holdings of over 4.2 million ETH. Its total holdings now constitute approximately 3.48% of the total supply of Ethereum, confirming BitMine as the largest ETH treasury worldwide.

This comes just a week after BitMine increased its holdings by 24,266 ETH ahead of its shareholders’ meeting. According to Lee, the most recent ETH purchases are a sign of increasing institutional trust in Ethereum’s use in financial markets.

He cited the increased integration of tokenization and settlement solutions on Wall Street, which are directly based on the Ethereum blockchain. In addition to Ethereum, BitMine also holds BTC and cash. According to the company, its total crypto and cash holdings are about $14.5 billion.

Meanwhile, the recent BitMin purchase comes amid the surge in staked Ethereum, which hints at a potential supply crunch for the largest altcoin by market cap. Ethernet data indicate that almost a third of the total supply is currently staked, suggesting strong long-term confidence in the network.

The Ethereum Staking Strategy

Additionally, BitMine continues to expand its staking operations rapidly. The company owns about 1.84 million staked ETH, worth approximately $5.9 billion as of January 19.

Staked ETH has also hit a record high of $118 billion. In addition, the number of active validators has increased, indicating greater network participation. Over 976,000 validators are currently securing Ethereum, with more than 2 million ETH pending staking.

BitMine has additional expansion plans for its staking strategy with its upcoming Made in America Validator Network (MAVAN). When this is fully deployed, staking rewards will bring considerable recurrent revenue. According to Lee, the annual staking income could be over $370 million at current rates.

Source: https://coingape.com/tom-lees-bitmine-acquires-35268-eth-as-staked-ethereum-surges-to-all-time-high/

Market Opportunity
Ethereum Logo
Ethereum Price(ETH)
$2,995.8
$2,995.8$2,995.8
-1.22%
USD
Ethereum (ETH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

BFX Presale Raises $7.5M as Solana Holds $243 and Avalanche Eyes $1B Treasury — Best Cryptos to Buy in 2025

BFX Presale Raises $7.5M as Solana Holds $243 and Avalanche Eyes $1B Treasury — Best Cryptos to Buy in 2025

BFX presale hits $7.5M with tokens at $0.024 and 30% bonus code BLOCK30, while Solana holds $243 and Avalanche builds a $1B treasury to attract institutions.
Share
Blockchainreporter2025/09/18 01:07
Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income

Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income

Metaplanet Inc., the Japanese public company known for its bitcoin treasury, is launching a Miami subsidiary to run a dedicated derivatives and income strategy aimed at turning holdings into steady, U.S.-based cash flow. Japanese Bitcoin Treasury Player Metaplanet Opens Miami Outpost The new entity, Metaplanet Income Corp., sits under Metaplanet Holdings, Inc. and is based […]
Share
Coinstats2025/09/18 00:32
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42