Current outcome
BitMine holds 5.93 million ETH, with 5.07 million ETH staked, representing about 11.8% of Ethereum's active stake, while the distribution of validators and signing-key control remains undisclosed.
Progress timeline
2 material updates- #01
Bitmine nears 5% of Ethereum supply after buying 28,086 ETH
Bitmine's purchase of 28,086 ETH brings its treasury to 5.93 million ETH, representing 4.9% of Ethereum's total supply.
Source evidence: The Block · The Defiant
- #02
BitMine’s staked ETH equals nearly 12% of Ethereum’s active stake, but who controls it?
BitMine has staked 5.07 million ETH (~85% of its 5.93 million ETH holdings), equal to roughly 11.8% of Ethereum's active stake, and ended its management-services agreement with Ethereum Tower while appointing affiliate American Validator to advise MAVAN Holdings.
State after update: BitMine holds 5.93 million ETH, with 5.07 million ETH staked, representing about 11.8% of Ethereum's active stake, while the distribution of validators and signing-key control remains undisclosed.
Source evidence: CryptoSlate