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Bitmine doubles down on ETH staking as accumulation slows down
Ethereum (ETH) treasury company Bitmine Immersion (BMNR) doubled down on staking its assets last week. The firm staked an additional 596,864 ETH, bringing its total assets across staking protocols to 1.25 million ETH. The Nevada-based firm also acquired 24,266 ETH during the period, pushing its stash to 4.16 million ETH or 3.45% of ETH's circulating supply. However, last week's acquisition represents Bitmine's lowest weekly purchase. The company's weekly ETH accumulation has reduced week-on-week over the past three weeks. In a statement on Monday, Chairman Thomas Lee urged shareholders to vote on Bitmine's proposal ... (full story)
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