BitMine Adds 20,000 ETH As Staked Ethereum Surpasses Half Of Total Supply
The post BitMine Adds 20,000 ETH As Staked Ethereum Surpasses Half Of Total Supply appeared on BitcoinEthereumNews.com.
BitMine today added more coins to its Ethereum holdings, as ETH staking crossed a major supply milestone. The accumulation comes as BitMine pushes toward holding 5% of Ethereum’s total supply, while staking contracts now lock up over half of all issued ETH. BitMine Steps Up Ethereum Buying Strategy According to Lookonchain data, Tom Lee’s Nasdaq-listed BitMine acquired 20,000 ETH from BitGo, with the transaction valued at $39.8 million. The purchase follows yesterday’s announcement of 45,759 ETH holdings acquired last week. With that pace, the firm said it has already reached 72% of its stated goal. That target aims for BitMine to hold 5% of Ethereum’s total supply. At the time of writing, the Ethereum price was at $1,972, up 1% in 24 hours. However, ETH is still down by 38.54% over the past month. Meanwhile, analyst Ted Pillows said liquidity clusters are staying balanced, with both longs and shorts positioned aggressively. He added that this structure leaves both sides exposed, since either direction could lead to liquidations. Ethereum Staking Crosses Historic Supply Mark Santiment reported that Ethereum’s proof-of-stake contract now holds more than half of the supply for the first time in its 11-year history. The data showed the staking contract reached 50.18% of total historical ETH issuance. Santiment explained that the staking contract works like a one-way vault that locks ETH to secure the network. Once staked, the ETH leaves normal circulation and cannot be traded or spent. Later, when validators withdraw, Ethereum issues released ETH back onto the main network instead of pulling it from the vault. Santiment also noted that supply figures vary depending on whether analysts track pre-burn issuance or total post-burn coins. The firm stated that the 50.18% calculation relies on ETH issued historically before burns. It is also estimated that only around 120 million…
Filed under: News - @ February 18, 2026 9:25 pm