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BitMine Expands ETH Staking to New Record Level
In the new strategic move, BitMine has just announced an additional deposit of 86,848 ETH, equivalent to $279.4 million at current prices. This move reflects the company’s long-term commitment to the Ethereum ecosystem.
According to Odaily, this deposit decision has brought BitMine’s total staking amount to an impressive 1,771,936 ETH, with an accumulated value of $5.65 billion. These figures demonstrate that BitMine is continuously increasing its participation in ETH staking, a strategy that helps boost yields in the increasingly growing cryptocurrency market.
BitMine’s expansion of staking scale not only reflects confidence in Ethereum but also indicates the optimism of major organizations regarding the future of this platform. With ETH trading at $2.70K, large-scale staking activities like this are often seen as a positive signal for the market.