BitMine stakes 154,176 ETH worth $451 million on 27 December to expand holdings

On 27 December, BitMine Immersion Technologies Inc. staked 154,176 ETH, valued at about $451 million, as part of a revised Ethereum strategy. The firm already controls roughly 3.369% of ETH’s circulating supply and aims to lift its share toward 5%, while other institutional holders have recently reduced or unstaked positions. Institutional assets under management in Ethereum remain significant despite recent outflows.