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Bitmine Said 84% of Its Ether Holdings Were Staked on Oct. 18

Lookonchain counted 159,728 more ETH staked three days later, following a deposit of the same amount.

Updated 1 min read
Bitmine Immersion Technologies' headquarters stands along Connecticut Avenue in Norwalk, Connecticut. / EconoTimes.ai
Bitmine Immersion Technologies' headquarters stands along Connecticut Avenue in Norwalk, Connecticut. / EconoTimes.ai

About 84% of Bitmine Immersion Technologies, Inc.'s Ether holdings were staked as of Oct. 18, based on the company's reported 5,067,309 ETH balance and 6,041,481 ETH in total holdings. The company disclosed the snapshot in an Oct. 19 release, measured at 3 p.m. ET (19:00 UTC).

On Oct. 21, blockchain analytics firm Lookonchain counted 5,227,037 ETH in Bitmine's staked balance after a 159,728 ETH deposit. That count was 159,728 ETH, or about 160,000 ETH, above the Oct. 18 snapshot. EconoTimes previously covered the later staking tally.

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