Recently, a noteworthy trend has emerged in the crypto market—Tom Lee's US-based investment giant, Bitmine Fund, has just staked 79,296 ETH, worth approximately $232 million. This move may seem simple, but its implications should not be overlooked.

Why are so many institutions buying ETH? Besides their optimism about its long-term growth potential, there is a practical economic consideration: through the staking mechanism, holders can earn a stable annual return of about 3%. For well-funded institutions, this is equivalent to using ETH as an asset allocation that offers both appreciation potential and cash flow generation.

Currently, more and more leading companies are adjusting their balance sheets to include mainstream public chain assets like ETH. From a market perspective, continuous institutional entry often signals a shift in market sentiment. Many market analysts, based on these capital flows and position changes, are beginning to discuss whether ETH can break through the key level of $10,000—although this will require time and more market catalysts, such actions by institutions indeed reflect their confidence in ETH's medium- to long-term prospects.

The logic of the crypto market is always evolving, and the actions of institutions often provide valuable reference for retail investors.