$ETH Bitmine once again locks up the chips!
Tom Lee keeps adding here.
160,480 ETH staked again!
Worth nearly $249 million.
This isn’t a typical position—it's long-term lockup!
Tom Lee (@fundstrat)'s Bitmine has staked another 160,480 ETH, worth about $248.7 million.
So far, Bitmine has staked a total of 4.88M ETH, worth roughly $7.56 billion, accounting for 86% of its total holdings. This shows it’s not just displaying ETH on its balance sheet—it’s using staking to steadily capture yields and reduce circulating supply.
ETH at this level locked in staking is crucial for market structure. Short-term prices can be pushed down, but the chips that can actually circulate in the market and be sold at any time will become increasingly scarce.
ETH price is weak, but the big players are locking up.
The more chips that get locked, the greater the rebound “elasticity” later on.
Click the card below—go straight for it!👇$BTC $SOL #eth
Tom Lee keeps adding here.
160,480 ETH staked again!
Worth nearly $249 million.
This isn’t a typical position—it's long-term lockup!
Tom Lee (@fundstrat)'s Bitmine has staked another 160,480 ETH, worth about $248.7 million.
So far, Bitmine has staked a total of 4.88M ETH, worth roughly $7.56 billion, accounting for 86% of its total holdings. This shows it’s not just displaying ETH on its balance sheet—it’s using staking to steadily capture yields and reduce circulating supply.
ETH at this level locked in staking is crucial for market structure. Short-term prices can be pushed down, but the chips that can actually circulate in the market and be sold at any time will become increasingly scarce.
ETH price is weak, but the big players are locking up.
The more chips that get locked, the greater the rebound “elasticity” later on.
Click the card below—go straight for it!👇$BTC $SOL #eth