Bitmine Reveals 4.9% of Ethereum Supply Staked at 2.63% Yield
Photo: Coinfomania
Bitmine reveals it holds 6.02 million ETH, about 4.9% of supply, staked at 2.63% yield. Here's why traders are paying attention. Bitmine has disclosed its substantial holdings of approximately 6.02 million ETH, equating to about 4.9% of Ethereum’s total supply. This notable staking activity, with around 84% of its holdings staked at a yield of 2.63%, raises questions about market dynamics. The implications of this large treasury for both Bitmine and the broader Ethereum ecosystem are significant, as highlighted in a recent tweet by KuCoin.
Source: Coinfomania
