OnchainLens analyzed that Bitmain (ticker: BMNR), an Ethereum (ETH) strategic reserve company, staked 111,496 ETH worth approximately $253.27 million about 5 hours ago. Currently, the staking balance of addresses confirmed to belong to Bitmain is 4,034,885 ETH, valued at $9.09 billion. Meanwhile, a newly created wallet (starting with 0x4481d), which had its first transaction about 22 hours ago, received 40,000 ETH (approximately $90.16 million) from FalconX, and OnchainLens estimated that this wallet appears to be a new wallet owned by Bitmain.