Major move on the staking front: Tom Lee's Bitmine just added another 109,504 ETH to its staking portfolio, representing approximately $340 million in fresh capital deployment. This brings their cumulative ETH staking position to 1,190,016 tokens, now valued at around $3.7 billion. The consistent increase in institutional staking activity signals growing confidence in Ethereum's long-term viability and the economics of proof-of-stake validation. Such large-scale commitment from established players underscores the ongoing shift toward institutional participation in the crypto ecosystem.
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Major move on the staking front: Tom Lee's Bitmine just added another 109,504 ETH to its staking portfolio, representing approximately $340 million in fresh capital deployment. This brings their cumulative ETH staking position to 1,190,016 tokens, now valued at around $3.7 billion. The consistent increase in institutional staking activity signals growing confidence in Ethereum's long-term viability and the economics of proof-of-stake validation. Such large-scale commitment from established players underscores the ongoing shift toward institutional participation in the crypto ecosystem.