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Ethereum treasury enterprise Bitmine (BMNR) has recently continued to increase its staking deployment. On-chain monitoring shows that about 2 hours ago, Bitmine deposited another 82,560 ETH into the Ethereum PoS staking contract, worth approximately $259 million. This is yet another move by the organization since launching its staking strategy on December 27. The statistics are particularly impressive — in just one week, Bitmine's total staked amount has reached 544,064 ETH. Based on the current Ethereum price, this staking commitment is valued at over $1.7 billion. The ongoing increased commitment by major institutions may be hinting at market confidence in Ethereum's medium- to long-term prospects.