Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B

Ethereum is holding above the $2,000 level as selling pressure begins to build again, placing the market in a fragile position after recent recovery attempts. While price has managed to remain above this key psychological threshold, momentum is weakening, with sellers increasingly active on short-term rallies. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure At the same time, structural developments beneath the surface suggest a more complex dynamic. A recent surge in Ethereum staking activity at Bitmine, a Fundstrat-backed institutional platform focused on large-scale ETH accumulation and yield strategies, is drawing attention. Just two days ago, Bitmine staked an additional 94,670 ETH, worth approximately $204 million, bringing its total staked holdings above 3 million ETH. This is significant for several reasons. First, staking effectively removes ETH from the circulating supply, tightening liquidity in the spot market. Second, it reflects a lo