Bitmine Immersion Technologies increased its staked Ethereum holdings alongside Grayscale over the last 24 hours. On-chain data shows the company staked an additional 112,040 ETH. This transaction is valued at approximately $259.6 million.
Bitmine now holds a total of 3.7 million staked ETH. This figure represents nearly 75% of the company's total cryptocurrency holdings.
The move solidifies Bitmine’s position as the largest corporate staker and holder of Ethereum. The company continues its strategy of accumulating ETH to generate yield through staking rewards.