Bitmine stakes an additional $259M in ETH

An address believed to belong to mining hardware manufacturer Bitmine (BMNR) has staked an additional 82,560 ETH, worth approximately $259.07 million, within the last hour, according to a report from Onchain Lens. The move is part of an ongoing strategic accumulation of the asset by the address. On-chain data indicates that Bitmine has now staked a cumulative total of 544,064 ETH, valued at approximately $1.7 billion.