Ether Worth $390 Million Locked up by Tom Lee’s Bitmine

Crypto Insight Summary: Bitmine staked another 159,728 ETH worth about $390.6 million, lifting the share of its treasury put to work to 86.5%. One Transaction, Nine Figures Onchain analysts reported on Oct. 21 that Tom Lee’s Bitmine had staked another 159,728 ETH, worth about $390.6 million, taking the company’s staked position to 5.23 million ETH, valued near $12.78 […] Crypto Insight Analysis: Direction: Bullish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large ETH staking increases network security and reduces circulating supply.