The Ethereum ecosystem is once again witnessing large-scale staking activities. According to on-chain data, Ethereum treasury company Bitmine has recently added 103,424 ETH to staking, equivalent to approximately $303 million. After this staking, Bitmine's total staked amount has increased to 257,600 ETH, with a total value of about $750 million. The continued large-scale staking by institutions signals optimism for Ethereum's long-term development and also reflects the capital allocation preferences of major participants in the current market stage.
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ContractExplorer
· 13h ago
The rhythm of institutional bottom-fishing is really happening. Bitmine's recent moves look very confident.
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MetaverseMortgage
· 13h ago
Institutions are stockpiling aggressively, while we retail investors are still debating whether to get on board.
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BearEatsAll
· 13h ago
Institutions are investing so aggressively, but it kind of feels like a contrarian indicator...
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MetaLord420
· 13h ago
Bitmine's move, are you serious? Investing 750 million, is this genuine confidence or just gambling?
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GasFeeSurvivor
· 13h ago
Putting this much in, I'm really not afraid of a drop... Institutions are all lurking, I need to think about whether to follow or not.
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NFTArchaeologis
· 14h ago
Institutions are still willing to continue increasing their investments at this stage, indicating confidence in the underlying layer. However, it depends on how long the staking yield of 257,600 tokens can be maintained.
The Ethereum ecosystem is once again witnessing large-scale staking activities. According to on-chain data, Ethereum treasury company Bitmine has recently added 103,424 ETH to staking, equivalent to approximately $303 million. After this staking, Bitmine's total staked amount has increased to 257,600 ETH, with a total value of about $750 million. The continued large-scale staking by institutions signals optimism for Ethereum's long-term development and also reflects the capital allocation preferences of major participants in the current market stage.