My dear, BitMine has rather boldly staked 1.77 million ETH, a trifling $5.66 billion, tightening the Ethereum supply like a corset at a society ball. How utterly daring!
The Ethereum liquid supply, my darlings, is becoming as scarce as a witty remark at a tech conference. BitMine Immersion, helmed by the indefatigable Tom Lee, has staked more ETH than one could shake a martini glass at, all while the exchange supply dwindles like a forgotten cocktail party guest.
This, of course, comes as the total Ethereum on centralized exchanges has plummeted to 16.3 million, a clear sign that everyone is suddenly playing the long game. How terribly grown-up of them.
BitMine Stakes 1.77 Million ETH: A Move as Bold as a Cowardly Quip
BitMine Immersion, in a move that screams “I’m simply too chic to care about market volatility,” recently staked 86,848 ETH, a mere $277.5 million. Darling, that’s enough to make one’s head spin faster than a gossip columnist at a royal scandal.
Their staking portfolio now stands at 1.77 million ETH, valued at approximately $5.66 billion. One can only imagine the champagne corks popping at their headquarters.
Despite the market’s dramatic tantrums, BitMine continues to acquire ETH with the relentless determination of a socialite chasing the latest fad. Staking, of course, is all the rage these days.
Tom Lee, that darling man, staked another 86,848 ETH ($277.5M) just five hours ago. In total, he’s now staked 1,771,936 ETH ($5.66B). – Lookonchain (@lookonchain)
In recent weeks, the company also snapped up another 24,000 ETH, bringing their total holdings to 4.17 million. Tom Lee, ever the charmer, confirmed this in a statement, noting that BitMine remains the largest buyer of ETH using new capital. How utterly splendid.
He added, with a wink and a nod, that the company intends to become the largest staking provider once MAVAN begins its commercial operations. One can almost hear the collective gasp of the crypto world.
This staking strategy, my dears, is not just a financial move but a masterclass in addressing their $4 billion debt while keeping their ETH exposure as glamorous as a Coward cocktail party.
Institutional ETH Holdings Rise: The New Black of Crypto
According to CryptoQuant, BitMine has been staking ETH with the fervor of a debutante at her first ball. In just two weeks, they staked 771,000 ETH, a staggering 18.6% of their total holdings. How utterly committed!
More institutions, it seems, are following suit, staking rather than trading ETH. The result? The liquid supply of ETH on exchanges is dwindling faster than a Coward play’s first-night reviews.
This reduction, my darlings, makes it as difficult for traders to buy or sell ETH quickly as it is to find a taxi in London during a downpour. The market, of course, is taking note.
As fewer tokens remain available for trade, the growing institutional staking activity could push the price higher. More companies, like BitMine, are choosing to hold and earn rewards, reducing the available supply further. How terribly clever of them.
Ethereum Staking Reaches Record Levels: A Triumph of Long-Term Panache
Recent data shows that the total value locked in Ethereum staking has reached new highs. According to earlier reports, Ethereum staking has surpassed $118 billion. One can almost hear the champagne corks popping across the globe.
This rise, my dears, is largely driven by firms and long-term holders choosing to lock their ETH in validator nodes. BitMine’s latest move, of course, contributes directly to this growth, adding to the number of tokens being held outside the open market.
ETHEREUM STAKING AT RECORD LEVEL
Over 36 million ETH is now staked on ETHEREUM. That’s close to 30% of all ETH in circulation, worth over $118 billion – Bitinning (@bitinning)
These decisions, my darlings, reflect a growing focus on steady returns through network rewards rather than the short-term price moves that keep the tabloids in business. The shift toward staking and reduced liquid supply may reshape how Ethereum is used and traded. How utterly fascinating!
As more tokens are removed from exchanges, Ethereum’s available supply for spot trading continues to decrease. This, of course, is being closely tracked by investors and blockchain analytics platforms alike. One can only imagine the drama unfolding behind the scenes.
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2026-01-20 16:39