BitMine Immersion just hit a notable milestone—their staked ETH position has crossed the $5 billion mark. What's interesting here is the scale of their commitment: they've got over one-third of their total ETH holdings locked in staking. That's 35% deployed, which signals serious conviction in the asset. For market watchers, this kind of institutional staking behavior often reflects long-term positioning rather than short-term trading noise. Worth keeping an eye on how this compares to other major holders in the current market cycle.