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Eyes $3,300 as $2.19bn Staking Bet Signals Institutional Shift.
Ethereum is hovering around $2,940, but its value does not even begin to tell the bigger story, it’s all about the way institutions are starting to get on board with ETH. BitMine (BMNR), now officially the world’s largest Ethereum treasury firm, has just made a major move by staking 74,880 ETH worth roughly $219 million into Ethereum’s proof-of-stake network.
This is a big deal because, to date, it’s the first time BitMine has staked any of its holdings, it marks a move away from simply holding onto ETH to now actively seeking to earn some return.