On-chain data tracking shows that the large staking institution BitMine recently increased its holdings by 86,400 ETH, which is approximately $2.66 billion at current prices.

After this operation, BitMine's total position in Ethereum staking reached 1,052,192 ETH, with a total value surpassing $3.25 billion. As a major institutional staker in the market, its continuous accumulation behavior reflects a positive outlook on the long-term value of Ethereum.

Such large-scale staking operations also indicate institutional confidence in the security and stable returns of the ETH ecosystem in the current market environment. As more institutions join the staking ranks, the topic of validator centralization on the Ethereum network has once again come into focus.