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Bitmine, backed by prominent analyst Tom Lee, has made a substantial move in the ETH market. The entity just staked another 109,504 ETH—roughly $340M at current valuations. This latest addition pushes their total ETH holdings to 1.19M coins, representing approximately $3.7B in accumulated positions. Such significant staking activity from major players often signals confidence in Ethereum's long-term prospects and can influence broader market sentiment around institutional participation.