🐋 Bitmine Makes Massive ETH Staking Move — Adds 79,296 $ETH (~$232M)
Ethereum whale Bitmine (@BitMNR) has staked an additional 79,296 ETH — valued at roughly $232 million — further cementing its aggressive accumulation strategy in the Ethereum ecosystem. This latest move brings Bitmine’s total staked ETH to about 154,176 tokens, worth an estimated $451 million on current market pricing.
This substantial deposit reflects growing institutional confidence in Ethereum and its proof-of-stake future, as staking locks up ETH and removes it from liquid circulation — a factor that can support price strength over time. Large-scale staking by entities like Bitmine is closely watched by traders and analysts alike because it signals long-term commitment and belief in network fundamentals.
Why this matters:
Staking inflows reduce circulating ETH supply, which can tighten market liquidity.
Institutional-scale moves often boost sentiment among long-term holders.
With Ethereum’s PoS model rewarding security and participation, large stakes suggest confidence in yield and network growth.
In short, Bitmine’s sizable ETH staking underscores its strategic focus on Ethereum as a core treasury and yield asset, reinforcing on-chain conviction heading into 2026.
