BitMine Immersion Technologies now holds over 5 million ETH, following the leading Ethereum treasury firm's biggest buy since December.
In the ongoing cycle, the Ethereum staking ecosystem is experiencing one of its most significant activities yet, setting new records in the number of ETH staked across the cryptocurrency sector. After a period of increased staking, the Ethereum Foundation is showing reduced interest in ETH staking with the firm's most recent unstaking move on Sunday.
Bitmine Immersion Technologies now holds 5,078,386 ETH, crossing the 5 million token threshold and pushing its share of the total Ethereum supply to 4.21%. Key Takeaways: Bitmine (NYSE: BMNR) holds 5.078 million ETH worth roughly $12 billion, reaching 4.21% of the total supply in 10 months.
BitMine said its ether holdings climbed to 5.078 million tokens after another 101,901 ETH purchase last week.
The firm has bought more than 5 million in ETH in just 10 months while most digital asset treasury companies have stopped accumulating.
The latest acquisition announced earlier today was for almost 102,000 tokens.
Ethereum is showing signs of a structural shift beneath the surface as on-chain activity surges to record levels despite recent price weakness.
The Ethereum Foundation has just withdrawn more than 17,000 ETH from staking, a movement estimated around 40 million dollars. The gesture comes at the worst time for market confidence.
Ethereum sits at a decision point as sentiment, fees, and liquidity pressure collide.
Ethereum open interest has dropped sharply across Gate.io and Binance, while analysts say lower leverage may support cleaner ETH price action.
According to blockchain intelligence data from Arkham Intelligence, the Ethereum Foundation withdrew 17,035 ETH—valued at approximately $49 million—during the weekend. The operation consisted of transferring wrapped staked ETH (wstETH) into Lido's unstETH smart contract through multiple transactions, each containing roughly 811 wstETH.
Blockchain analytics from Arkham Intelligence revealed that the Ethereum Foundation withdrew 17,035 ETH, valued at approximately $49 million, during the past weekend. The operation involved converting wrapped staked ETH (wstETH) through Lido's unstETH smart contract mechanism, processing approximately 811 wstETH per transaction batch.