Bitmine Stakes Record $280M into Ethereum
Bitmine has made a significant move in the Ethereum market by depositing 150,120 ETH worth $280 million into staking. This development comes just two hours ago and has seen their total holdings increase to 5.7978 million ETH.
The deposited funds now generate yields at an APR of 2.66% for an estimated 134,800 ETH or $250 million annually. The significant investment is a testament to the growing appeal of Ethereum staking, which continues to attract institutional flows despite market volatility.