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_resilientvip
· 12-27 07:51
bitmine's move is really impressive, investing 450 million USD into ETH. What does that indicate?
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SandwichVictimvip
· 12-27 07:43
bitmine is stacking ETH again, this time really placing a big bet.
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PoetryOnChainvip
· 12-27 07:35
bitmine's move... feels like they're betting on a turnaround in ETH.
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DAOplomacyvip
· 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
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