$ETH ETH Bitmine Doubles Down, Stakes $303M in ETH ⚡️🐳
Bitmine (@BitMNR) has staked an additional 103,424
$ETH , valued at approximately $303.08M, signaling continued long-term conviction in Ethereum.
The staking activity was detected shortly after recent accumulation and custody movements.
With this latest action, Bitmine’s total staked balance has reached 257,600
$ETH , representing one of the largest single-entity ETH staking positions on-chain.
At current prices, this stake implies exposure in the hundreds of millions of dollars, locking significant supply out of liquid circulation.
This move follows a clear pattern: accumulate → custody → stake, rather than distribute or hedge.
Such behavior is typically associated with long-term yield strategy, not short-term price speculation.
Is Bitmine positioning early for ETH supply shock dynamics — or simply cementing dominance as a mega staker? 🛑⚡️
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