Bitmine Begins Staking ETH With $219 Million PoS Deposit
Ethereum treasury firm Bitmine has begun staking its Ether holdings depositing nearly $219 million worth of ETH into Ethereum’s proof-of-stake (PoS) system. On Sunday, multiple wallets linked to Bitmine sent large Ether (ETH) transfers to a contract labeled “BatchDeposit,” onchain data from Arkham shows. The transfers totaled 74,880 ETH, a pattern typically associated with institutional…