Bitmine stakes $253M in ETH

Ethereum (ETH) strategic reserve company Bitmine (BMNR) staked 111,496 ETH, worth approximately $253.27 million, about five hours ago, according to an analysis by Onchain Lens. The current staking balance of addresses confirmed to belong to Bitmine is 4,034,885 ETH, valued at $9.09 billion. Meanwhile, Onchain Lens also noted that a newly created wallet (starting with 0x4481d), which saw its first transaction about 22 hours ago, received 40,000 ETH (around $90.16 million) from FalconX. The analytics firm speculated that this new address likely belongs to Bitmine.