Yesterday's monitoring showed that the well-known institution Bitmine continued to increase its ETH staking, adding 118,944 ETH, worth approximately $352.16 million. Including previous holdings, Bitmine has now staked a total of 461,504 ETH, with a total value of $1.37 billion — this scale has already reached the annual financing level of many public chains.

More interestingly, on-chain data captured a new wallet receiving 32,938 ETH from a certain trading platform, valued at about $97.8 million. Multiple signs indicate that this asset is very likely also operated by Bitmine.

From this series of actions, the confidence of major players in ETH remains unshaken. Continuous staking investments reflect their expectations for the long-term development of the ecosystem, while also serving as a reminder to the market: institutional-level deployments are quietly underway.