Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Bitmine Locks Up $9.38 Billion in Ethereum, Fueling Supply Shock Fears

Guavy AI Editorial Team
Instruments
ETH
Share

Tom Lee's company, Bitmine, has made a significant move in the Ethereum ecosystem by staking an additional 150,120 ETH worth approximately $278 million within the last three hours.

This latest transaction brings Bitmine's total staked amount to 5,067,309 ETH, valued at around $9.38 billion based on current market prices, accounting for 87.4% of the company's total portfolio.

The bulk transfers conducted through different wallets are characterized as a giant institutional move towards the security and long-term potential of the Ethereum network.

More on Crypto

Crypto just now

Polkadot Price Surges 3.14% on Fundamental and Technical Factors

Crypto just now

Axiom Crypto's Decline Leaves Investors Questioning Its Future

Crypto just now

Ethereum's Developer Lead Shrinks as Builders Flock to Alternative Chains

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy