BitMine's ETH Stake Exceeds 12% of Active Ethereum Staking

BitMine has amassed 5.07 million ETH staked, representing nearly 12% of Ethereum's active stake.

The company did not disclose how validators or signing keys are distributed, raising questions about who controls BitMine's consensus authority.

While ownership alone does not reveal control, validator cohorts, operator roles, and signing-key custody can help determine influence over the network.

BitMine's position is significant, as it approaches its goal of owning 5% of Ethereum's total supply, directing most holdings toward staking.