Tom Lee’s backed project $BMNR has staked an additional 140,400 ETH, valued at $282 million, within the past five hours, bringing its total staked holdings to 2.97 million ETH, or approximately $6.01 billion, which represents about 68.7% of its total ETH position. This move aligns with the broader trend of institutional adoption, as Wall Street-backed crypto firms continue to expand their ETH staking activities due to favorable network conditions following recent upgrades, highlighting Ethereum staking as a vital yield mechanism for institutional holders securing the network via proof-of-stake.
Bitmine stakes additional 140,400 ETH, bringing total to 2.97M ETH
