NewsBTC
May 5, 2026 upd. 6 Jun
7 1

Bitmine locks 88% of holdings; staked ETH hits $10.77B

2 min

Bitmine stakes 190,800 ETH in one move. Total locked hits 4.55M ETH.

Bitmine staked 190,800 ETH in a single transaction worth about $451 million. This landed while Bitcoin pushed above $80,000 and stole attention.

Arkham data flags the timing. The stake is the largest in Bitmine’s series so far. Evidence comes from Arkham’s transaction view.
Arkham Intelligence data for Bitmine’s ETH stake

With this, Bitmine has 4,553,557 ETH staked. That’s $10.77 billion at current prices. 87.9% of its total ETH is now committed to validators.

At 4.55 million ETH, Bitmine controls roughly 3.7% of Ethereum’s circulating supply. These coins are staked and not quickly sold. Each large stake removes supply from the sell side. NewsBTC explains the supply impact of staking scale.

  • Single stake: 190,800 ETH, ≈$451M
  • Total staked: 4,553,557 ETH, ≈$10.77B
  • Share of holdings staked: 87.9%
  • Share of ETH supply: ≈3.7%

Price is steady. ETH trades near $2,370 after reclaiming $2,250–$2,300.

The $2,400–$2,500 zone caps the move. The 100‑day moving average descends there. Volume is lighter than during the selloff, showing less aggressive buying.

If ETH holds above $2,250, a test of $2,500 opens. A break below $2,250 risks a move to $2,000–$2,100. Pair context: USDT on the ETHUSDT chart.
ETH testing $2,250–$2,500 with 100‑DMA overhead