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BitMine's recent operations are indeed impressive. Just now, it staked another 154,208 ETH, worth approximately $477.77 million. Combined with its previous holdings, it now has over 1.34 million ETH locked, which amounts to a scale of $4.15 billion.
This number is quite startling, and it warrants some reflection on the underlying logic.
One possibility is that BitMine has a deep understanding of Ethereum's fundamentals, using large-scale staking with real capital to vote. Another perspective is that staking yields can indeed provide stable income, and locking in revenue during market volatility is also a strategy. But what’s most worth noting is whether such a big move is paving the way for a larger strategic layout.
Regardless of the driving logic, the market is paying attention to this signal. The staking ecosystem of ETH is accelerating in evolution, and every move by major institutions could influence the subsequent rhythm.