Bitmine boosted its Ether holdings by 10,000 ETH, reaching 5.79 million. 85% is staked, securing Ethereum. This move comes as Ether outperforms Bitcoin, showcasing Bitmine's strategy in a strong market.
Bitmine, a major player in the crypto space, recently increased its Ether (ETH) holdings significantly. The company added nearly 10,000 ETH over the past week, bringing its total Ether stash to 5.79 million units. A substantial portion, about 85% of this Ether, is actively 'staked.' Staking means locking up crypto assets to help secure a blockchain network and earn rewards. This strategic move by Bitmine comes as Ether has shown stronger market performance compared to Bitcoin, highlighting a notable trend in the digital asset market.
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