Institutional movements attract attention—Bitmine has recently increased its Ethereum staking. Data shows that this institution has added 79,296 ETH to its stake, which is approximately $232 million at the current market price. More notably, its total staked amount has surpassed 154,176 ETH, with a total value of around $451 million. Such continuous accumulation indicates the institution's strong confidence in the long-term value of ETH.
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rekt_but_resilient
· 12-27 07:51
bitmine's move is really impressive, investing 450 million USD into ETH. What does that indicate?
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SandwichVictim
· 12-27 07:43
bitmine is stacking ETH again, this time really placing a big bet.
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PoetryOnChain
· 12-27 07:35
bitmine's move... feels like they're betting on a turnaround in ETH.
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DAOplomacy
· 12-27 07:34
tbh the whole "institutional confidence" narrative is arguably just path dependency masquerading as conviction... like yeah, they're staking more but have we actually examined the non-trivial externalities of concentrated validator positions? idk, something feels sub-optimal about the incentive structures here
Institutional movements attract attention—Bitmine has recently increased its Ethereum staking. Data shows that this institution has added 79,296 ETH to its stake, which is approximately $232 million at the current market price. More notably, its total staked amount has surpassed 154,176 ETH, with a total value of around $451 million. Such continuous accumulation indicates the institution's strong confidence in the long-term value of ETH.